According to the Measures for the Settlement and Payment of Individual Income Tax (Trial) issued by State Taxation Administration of The People's Republic of China, People's Republic of China (PRC), taxpayers should settle and pay individual income tax in the previous tax year from 10/day to March 3 1 day of the following year. In other words, the final date of personal income tax settlement in 2023 is March 3, 20241. When making final settlement, the taxpayer needs to fill in and submit the corresponding final settlement declaration form according to the actual situation, including the annual comprehensive income final settlement declaration form and the annual salary income declaration form. At the same time, if there are annual consolidated declarations, cross-regional transfers, overseas income, etc. , you also need to fill in other relevant declaration forms. If the taxpayer fails to make the final settlement within the specified time, there will be a late fee. According to the provisions of the tax law, the calculation standard of late payment fee is tax payable × %× overdue days, and the proportion of% varies according to the number of overdue days. In order to avoid unnecessary troubles before the deadline for final settlement, taxpayers are advised to make final settlement in advance so as not to miss the final declaration time.
What's the difference between final settlement and ordinary tax return? The final settlement of individual income tax refers to the process of accounting for all taxable income in the tax year at the end of the tax year, calculating the taxable amount according to the statutory tax rate, paying the remaining tax or returning the excess prepaid tax. Compared with ordinary tax returns, the final settlement involves the statistics of annual comprehensive income, the annual declaration form of wages and salaries, etc. The contents of the declaration are more complicated and need to be checked more carefully.
The deadline for the final settlement of personal income tax in 2023 is March 3, 20241,and there will be a late payment fee. Taxpayers should settle accounts in advance to avoid the extra expenses caused by the untimely filing due to negligence. At the same time, the final settlement is different from the ordinary tax declaration, so it is necessary to fill in and check the relevant declaration forms more carefully.
Legal basis:
Article 11 of the Individual Income Tax Law of People's Republic of China (PRC) * * * Individual residents who obtain comprehensive income shall pay individual income tax on an annual basis; If settlement is needed, it shall be settled within March 1 day to June 30th of the following year.