If the comprehensive income of individual residents does not exceed 6,543,800 yuan+0.2 million yuan and needs to be settled, or if the annual settlement tax does not exceed 400 yuan, it can be exempted from handling the settlement of personal income tax. However, when individual residents obtain comprehensive income, the withholding agent fails to withhold the advance tax according to law.

Second, analyze the details

Individual tax settlement refers to the taxpayer's annual income after the end of the year, which summarizes four comprehensive incomes, including wages and salaries, labor remuneration and royalties. After deducting the annual expenses and deductions, the taxable income and the annual tax rate table are obtained according to the comprehensive income. The process of calculating the personal income tax payable for the whole year, deducting the tax paid in advance in the current year, making an annual tax return to the tax authorities, and settling the tax that should be refunded or payable.

3. If you don't declare, what impact will it have on the settlement?

You need to pay back the tax, but because the tax is not settled, the tax will eventually be recovered and there may be additional fines. Abandoning the settlement of personal tax, the staff will use the big data system to find that individuals should pay taxes in the background. Then inform me of the supplementary settlement after June 30th. If individuals still fail to declare and pay taxes as required, they will be punished. According to the amount of tax payment and the nature of tax evasion, the final punishment is different. In addition, there may be a late payment fee.