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2022 Personal Income Tax Refund Policy

The country introduces various policies to benefit the people every year, and the personal tax refund policy is one of the more popular policies. As long as people meet the relevant conditions, they can apply for tax refunds. The country will apply for tax refunds based on each person’s salary level and other

The tax refund amount is calculated based on the amount, and many people have benefited.

Will there be any tax refund policy in 2022?

According to current policies, the salary settlement period in 2021 is from March 1 to June 30, 2022. During this period, taxpayers can log in to the "Personal Income Tax" APP to apply for a tax refund.

Refund of personal income tax is one of the tax reduction policies.

After the new tax law was implemented on October 1, 2018, the state included four income items including wages and salaries, labor remuneration, manuscript remuneration, and royalties into the scope of comprehensive tax, and added children's education, continuing education, serious illness medical care, and mortgage loans

Interest or rent, support for the elderly, in addition, the threshold for personal income tax has been raised from 3,500 yuan to 5,000 yuan, allowing many people to pay a large amount of less personal income tax, or even not having to pay personal income tax directly.

For individual contributions, payments are made on a monthly or per-time basis, and then calculated on an annual basis.

Implement the policy of refunding more and subsidy less, that is, paying the personal income tax you usually pay.

At the end of the year, payment will be made until next year, and a policy of more refunds and less subsidies will be implemented.

When will the 2022 tax refund start? It will start on March 1, 2022.

The personal income tax refund policy has been implemented since March 1. The specific provisions are as follows: Last year's settlement content: After the end of the previous year, resident individuals need to summarize the wages, salaries, labor remuneration, and author remuneration received from January 1 to December 31 of the previous year.

and royalty income, after deducting 60,000 yuan of expenses, special deductions, special additional deductions, other deductions determined in accordance with the law, and qualified public welfare donations, the comprehensive income personal income tax rate shall be applied, minus the quick calculation deduction, to calculate the final payable amount for the year

The amount of tax paid, minus the current year’s prepaid tax.

If you obtain a tax refund or tax repayment due this year in the previous year, you must apply for a tax refund or tax repayment to the tax authorities.

Legal basis: Article 14 of the Personal Income Tax Law stipulates that the tax withheld or withheld by the withholding agent every month or every time shall be turned over to the state treasury within the fifteenth day of the following month. The withheld personal income tax return shall be submitted to the tax office.

Report to the agency.

If a taxpayer handles the final settlement and tax refund for the taxpayer or the withholding agent handles the final settlement and tax refund for the taxpayer, the tax authority shall handle the tax refund in accordance with the relevant regulations on treasury management after review.

And verification.

What conditions need to be met for personal tax refund? A bank account in China must be provided.

After review by the tax authorities and in accordance with the relevant regulations on treasury management, tax refunds will be processed at the location of the tax authorities that receive the annual final accounts.

People who meet the tax refund standards: 1. Annual income is less than 60,000 yuan, but personal income tax has been paid in advance every month.

2. There are special additional deductions (special deductions for three guarantees and one fund and special additional deductions for children’s education), and no deduction is required when prepaying personal income tax.

3. Low-income employed persons and retirees at the end of the year, as well as persons with no income during their employment. 4. Without a fixed work unit, they rely on labor remuneration, manuscript remuneration and discounts, and monthly prepaid taxes are higher than the annual tax rate.

5. A person who has made a donation to a charity and paid personal income tax in advance.

6. Disabled persons.