The annual final settlement is actually to "check for deficiencies and make up for omissions, summarize income and expenditure, calculate accounts on an annual basis, refund excess and make up for excess" on the basis of the usual prepaid taxes. So can I still get a tax refund after final settlement?

Can I still get a tax refund after final settlement?

According to the tax law, taxpayers should complete the final settlement of personal income tax before June 30. After this period, even if you meet the conditions for tax refund, you can no longer apply for tax refund.

It should be noted here that it is the right of taxpayers to apply for a tax refund, and they can choose not to receive a refund, but paying tax is an obligation that taxpayers must fulfill, otherwise they will face penalties.

How to apply for tax refund after final settlement of personal income tax?

Accounting entries for final settlement of tax refund

1. If the tax refund is for the current year, make the following entries:

Debit: bank deposit

Credit: Income tax expense

2. If the tax refund is for previous years, make the following entries:

(1) Tax refund received :

Debit: bank deposit

Credit: taxes payable - income tax payable

(2) Carry forward:

Debit: Tax payable - income tax payable

Debit: Adjustment of profit and loss in previous years

At the same time:

Debit: Adjustment of profit and loss in previous years

Individual tax settlement and settlement declaration process

You can choose to handle the annual settlement and settlement by yourself, the unit, or entrust a professional agency to handle it There are three ways to apply. The application channels include mobile personal income tax APP, online natural person electronic tax bureau WEB, mail or tax service hall.

Take the personal tax APP to handle final settlement as an example. The specific steps are as follows:

1. Download the personal tax APP - register and log in according to the prompts (already registered tax payers People can log in directly).

2. Click "I want to file taxes"/"Annual Comprehensive Income Summary" on the homepage of the personal tax APP - enter the declaration page, read the declaration instructions - choose simple declaration or standard declaration according to the annual income. .

3. Check all data - click "Submit Declaration" after confirming it is correct.

(1) If the taxpayer has a tax payable and does not meet the conditions for exemption from declaration, he should choose to pay the tax immediately;

(2) If the taxpayer has If you overpay tax or meet the conditions for tax refund, you can click to apply for tax refund.

4. If a taxpayer applies for a tax refund, select bank card/add bank card. After tax review and treasury processing, the tax will be refunded to the designated bank card account.