Tax refund refers to a tax business in which the tax authorities return the tax paid to the original taxpayer according to the prescribed procedures and formalities for some reason or special circumstances. So what does the tax rebate mean?
Tax refund is a tax refund given by the state to encourage taxpayers to engage in or expand certain economic activities. Tax refund mainly includes the following three situations:
1, wrong tax refund. Tax refund for overpayment due to mistakes in taxation.
2. Policy tax refund. Tax refund due to tax policy changes involving the original tax.
3. Other tax rebates. Tax refund for some other special reasons. The basic procedures and regulations for tax refund are as follows: taxpayers apply for tax refund to the tax authorities, which will handle it according to different situations after examination and approval.
The reason why the personal income tax should be "paid" is because when the individual tax is settled, it is found that the withholding tax is less than the annual tax payable, so the tax should be paid!
For example, a taxpayer, 500 yuan, who withheld the tax in advance in 20 19, showed that the tax payable was 2000 yuan when handling the annual settlement, so he had to make up the tax underpaid in 1500 yuan. High-income earners are more likely to pay back taxes!
At present, many high-income earners not only have wages and salaries, but also have income from labor remuneration, royalties or royalties brought by part-time jobs.