The 2021 personal tax settlement time is from March 1 to June 30, 2022. The legal deadline for is approaching. Please confirm whether it is a situation where you should handle annual financial statements, and handle it as soon as possible within the prescribed time!
1. Who needs to handle annual accounting?
If one of the following circumstances is met, the taxpayer needs to complete the annual settlement:
(1) The amount of prepaid tax is greater than the annual tax payable and the tax refund is applied for;
(2) The comprehensive income obtained during the tax year exceeds 120,000 yuan and the amount of tax repayment required exceeds 400 yuan.
Special reminder
If a taxpayer has a withholding agent and fails to withhold and pay prepayment of taxes in accordance with the law when obtaining comprehensive income, it is not exempt from the annual settlement. If the applicable income items are incorrect or the withholding agent fails to perform the withholding obligations in accordance with the law, resulting in under-declaration or failure to declare comprehensive income during the tax year, the taxpayer shall handle the annual settlement in accordance with the law and the facts.
2. Legal Risks of Failure to Comply with the Regulations
If it is a situation that requires annual settlement, according to the relevant provisions of the Tax Collection and Administration Law, if the tax declaration and tax information are not submitted within the prescribed time limit, the tax authorities will order the correction within a time limit. , a fine of not more than 2,000 yuan can be imposed; if the circumstances are serious, a fine of not less than 2,000 yuan but not more than 10,000 yuan can be imposed, taxes must be recovered, and late payment fees can be imposed.
——When a tax refund is required
It is your right to have a tax refund. If you give up the tax refund, you do not have to go through the annual settlement. Therefore, if there is a tax refund and you do not go through the annual settlement after June 30, you will not be held responsible.
- Situations where tax repayment is required
Taxpayers who need to repay tax for the 2021 annual settlement and are not exempt from settlement, have not paid back the tax in full after the end of the annual settlement period (June 30, 2022) , the tax authorities will charge late payment fees in accordance with the law and mark them in their "Personal Income Tax Record". For those with large tax-related amounts, the tax department will issue prompts and reminders, and urge those who have not made corrections after the reminder or the corrections are not in place. Those who still do not make corrections or the corrections are not in place will be interviewed and warned. Those who still do not cooperate after the interview and warning. For rectification, cases will be filed for inspection in accordance with the law, and selected cases with serious circumstances and bad impacts will be publicly exposed.
In addition, when a taxpayer fills in the declaration information incorrectly during the annual settlement, resulting in an over refund or underpayment of taxes in the annual settlement, and the taxpayer makes corrections promptly on his own initiative or after being reminded by the tax authorities, the tax authorities may follow the "no penalty for first offense" rule. "Principle of immunity from punishment.
3. How to handle annual accounts?
There are three ways to do annual accounting: do it yourself, do it by your unit, or hire someone to do it.
There are three channels for handling annual accounts: online office, mail office, and hall office.
The tax authorities provide efficient and fast online tax processing channels. It is recommended that taxpayers give priority to handling annual settlements through the Natural Person Electronic Taxation Bureau, especially the mobile personal income tax APP handheld tax processing. The tax authorities provide a pre-filling service for declaration form items. Taxpayers who choose to use the pre-filling service and confirm that the declaration data are true, accurate and complete can quickly handle the annual settlement, which is very convenient and fast.
The first recommended personal income tax APP operation, the specific path is as follows
Step one: Log in to the personal income tax APP and enter the [Comprehensive income annual settlement] module, select [Filling method] and start the declaration;
Step two: Check [basic information] If it is correct, click [Next] to enter the declaration form information filling interface and check the income and deduction amounts. If it is incorrect, modify or add it accordingly. If it is correct, click Next to enter the tax calculation;
Step 3: If it occurs If you want a tax refund, apply for a tax refund and fill in the bank card to receive the tax refund; if you need to pay tax, follow the prompts to pay the tax.
If you are eligible for declaration exemption (if prepayment has been made in accordance with the law, the annual comprehensive income does not exceed 120,000 yuan or the tax repayment amount does not exceed 400 yuan), you can click "Enjoy declaration exemption" after a trial calculation in the system.
Special reminder
Resident individuals with overseas income can handle annual settlement through the overseas income declaration function on the website of the Natural Person Electronic Taxation Bureau.
