Update in 2021:
Tax refunds for 2020 can be declared from March 1, 2021.
The tax refund of the previous year will start in March every year, so this tutorial is valid for a long time, and students can automatically regard the year in the article as the current year.
If the policy is updated, I will revise the tutorial as soon as possible. Students who are afraid of forgetting can collect a little bit. ❤️
Update on April 4: How to calculate the tax payable.
Many friends who have worked have asked how to calculate the tax payable. The calculation method has been updated at the end of the article.
Update on April 2: Important questions.
Q: Can you give up the tax refund? What happens if you deliberately do not pay taxes?
On April 1, the State Administration of Taxation issued the guidelines for the annual taxation of comprehensive income of individual income tax for 2019. It is the right to apply for a tax refund, and you can waive the tax refund without any responsibility . Taxpayers need to make up taxes (except for the exemption of reconciliation in compliance with regulations), and if they fail to handle the annual reconciliation of comprehensive income in accordance with the law, they may face tax administrative penalties and be recorded in their personal tax credit files . If you need to make up tax, please make up the tax before June 30, 2020, otherwise you will face a daily overdue fine of five ten-thousandths.
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The text starts here:
It's about tax refunds for college students.
Beginning in 2019, my country’s personal income tax has been changed from a "classified tax system" to a "comprehensive tax system", the annual income is consolidated, and the tax is calculated annually. In the transitional stage of tax reform, many students paid 20% more taxes in 2019 . These taxes could have been refunded on March 1, 2020, but the epidemic has hindered the progress of the tax refund.
The good news is that, as of March 29, Yunnan, Qinghai, Shanxi, Guangxi, Guizhou, Liaoning, Gansu, Guangdong, Anhui, Hainan, Shaanxi, Xinjiang and other provinces have successively opened up remote tax administration for taxpayers to handle annual calculations. channel.
This article is a super detailed introduction to the "instructions" of the tax refund process. At the end of the article, it also introduces the tax law reform and the calculation of the amount:
1. Applicable objects: Students who have received more than 800 yuan in any month from January to December 2019 , including tutor allowances, work-study subsidies, (partial) scholarships, internship salaries, competition bonuses, etc.
2. Processing time: The tax refund can be processed through the simple declaration form between March 1 and May 31, 2020. However, due to the needs of epidemic prevention and control, the start of tax rebates in various provinces has been delayed to a certain extent.
3. Required App: Download the Personal Income Tax App and open the homepage to register an account.
4. Query the tax refund amount: ①Open the personal income tax App, and click the income tax details query on the homepage of the common business.
②Select 2019 as the tax year, select all the income types, and then click Query.
③Check your tax details, the number in the red box is the amount of tax refund in 2019. The specific calculation method is placed at the end of the article, and students who need to check can turn to the end.
5. Perform tax rebate operations: ①Click on the annual consolidated income tax calculation.
②Click "I have read and know".
③Fill in the place of remittance and click to submit the declaration.
Description:
1. If the annual income is less than 60,000 yuan, it will default to the simple declaration mode. If you need to adjust the declaration data (if you have questions about the number automatically calculated by the system), see the upper right corner of the picture to switch to the standard mode. Normally, the simple declaration mode will do. Up.
2. If multiple units send money to you within a year, there will be multiple remittance options. The remittance location only determines which local tax bureau will handle the tax refund for you. You can choose any one.
④Bind with the bank card for tax refund.
⑤The tax refund registration is successful.
⑥. View tax refund records.
It takes about 4~7 days from the time the tax review is approved to the completion of the treasury processing (receipt of money).
The tax refund process is as shown above, with a special reminder:
a. If you click on "Comprehensive Annual Accounting", it will display as follows:
There are two possibilities:
1) This province (such as Beijing) has not yet been opened, please try again later
2) App is not logged in, just log in in the personal center.
b. If the "Business processing failure: current taxpayer does not have the place of household registration and habitual residence" when entering the declaration , it is because the personal information has not been filled in completely, just fill in the complete information in the Personal Center-Personal Information.
c. The "appeal" function in the personal tax APP is not a function of handling tax refunds, it means that the income does not exist in the appeal.
If students have questions about income, please contact the teacher of the Finance Office in time, and do not click the appeal button at will.
There have been cases where a classmate’s late complaint has caused the tax refund to be unavailable.
Special reminder that for working people, tax supplementation may also be involved, but there may be inconsistencies in information between the company and the tax department. (For example, the company's tax saving system) If the following situations occur, please contact the company's finance.
The process of tax refund is like this, the code word is not easy, double-click the screen to give it a thumbs up. Refill ❤
The following are examples of tax refund calculation and policy analysis, which are relatively long and can be skipped:
1. What is annual calculation?
On January 1, 2019, the newly revised personal income tax law was fully implemented. This personal income tax reform, in addition to raising the "threshold" and adding six special additional deductions, has also established a comprehensive and classified personal income tax system for the first time in the history of our country. This will help balance different income tax burdens and better play the role of personal income tax income regulation.
Generally speaking, the comprehensive tax system is “consolidate the annual income and calculate the tax on an annual basis.” Compared with the classification tax system that has been implemented in my country, the calculation method of personal income tax has changed. The four incomes of author's remuneration and royalties are combined into "comprehensive income", and the personal income tax that should be paid is calculated with "year" as a cycle. When obtaining these four items of income in normal times, the payer (that is, the withholding agent) withholds and prepays the tax monthly or on a monthly basis in accordance with the provisions of the tax law. At the end of the year, the taxpayer needs to summarize the annual income and deductible expenses of the above four income items. After the income is deducted from the expenses and deductions, a comprehensive income tax rate table of 3%-45% is applied to calculate the annual tax rate. Personal income tax, minus the tax that has been paid in advance during the year, file an annual tax declaration with the tax authority and settle the refundable or supplementary tax. This process is the final settlement. In short, on the basis of the usual prepaid taxes, "check for omissions, summarize income and expenditure, settle accounts annually, refund more and make up less", which is also an international practice.
In order to facilitate the public's understanding, in accordance with the provisions of Articles 2 and 11 of the Individual Income Tax Law, Article 1 of the "Announcement" explains the concept and content of annual accounts. It should be noted:
First, the taxpayers of personal income tax in my country are divided into resident individuals and non-resident individuals. The judgment conditions of the two are different, and their tax obligations are also different. The "resident individual" mentioned in Article 1 of the "Announcement" refers to "have a domicile in China, or have no domicile but have lived in China for a total of 183 days in a tax year as stipulated in Article 1 of the Individual Income Tax Law. s individual". In other words, only resident individuals need to handle annual accounts.
Second, the reason why annual accounts are called "annual" means that they are limited to the calculation and settlement of tax refunds or taxes payable for the tax year, and do not involve previous years or subsequent years. Therefore, the 2020 taxpayer only needs to summarize the comprehensive income obtained in 2019 when handling the annual settlement.
Third, the scope and content of the annual accounting only refers to the four incomes including salary, salary, labor remuneration, author's remuneration, and royalties included in the comprehensive income scope of the personal income tax reform; operating income, income from interest, dividends, and property leasing Income, income from property transfers and incidental income are not included in comprehensive income taxation according to law. At the same time, in accordance with the "Notice of the Ministry of Finance and the State Administration of Taxation on the Connection of Preferential Policies after the Amendment of the Individual Income Tax Law" (Caishui [2018] No. 164), taxpayers may not be included in comprehensive income to calculate taxable income, and they are not included in the annual income tax calculation. Within the scope of the final calculation, such as the one-off annual bonus that is taxed separately, the one-off compensation income obtained from the termination of labor relations, early retirement, internal retirement, and so on. It needs to be added that if a taxpayer calculates the tax separately when he obtains the one-off bonus for the whole year in 2019, he can also choose to incorporate it into the comprehensive income to calculate the tax.
2. Why do we need to do annual accounts?
On the one hand, annual accounts can be more accurate and comprehensively implement various pre-tax deductions and preferential tax policies, and better protect the rights and interests of taxpayers. For example, because some taxpayers are busy with work, they have not had time to declare and enjoy the pre-tax deductions they can enjoy. There are also some deductions, such as the medical expenses for serious illnesses in the special additional deductions. Only at the end of the year can the exact amount of expenditure be known. How much is it? These deductions can be supplemented and processed through annual accounts. For this reason, the "Announcement" specifically lists the pre-tax deductions that can be enjoyed during the annual accounting period in three categories in Article 4, including those that can be deducted at ordinary times but the taxpayer will be able to declare deductions in the future or fail to make full deductions. There are also deductions handled during the annual accounting period, reminding taxpayers to "check for omissions" and fully enjoy the reform dividend.
On the other hand, through the annual calculation, the personal income tax that the taxpayer's comprehensive income should pay throughout the year is accurately calculated. If the prepaid tax is greater than the annual tax payable, it must be refunded to the taxpayer. The tax law stipulates that when taxpayers obtain comprehensive income, they still need to calculate and withhold the tax on a monthly or time basis according to certain rules. This is a common practice in almost all countries that levy personal income tax in the world. However, because the situation in practice is very complicated, no matter what method of withholding and prepayment is adopted, it is impossible to make all taxpayers’ usual prepaid tax and annual tax payable exactly the same. At this time, there will be a difference between the two. "difference". For example: in the middle of the year, the taxpayer’s income from comprehensive income fluctuates excessively or intermittently, and the tax is paid in advance in the months with higher income or income, but the total amount of comprehensive income for the whole year is less than 60,000 yuan, after subtracting the annual basic deduction of 60,000 yuan, there is no need to pay personal income tax on an annual basis. At this time, the tax paid in advance usually needs to be refunded to the taxpayer through annual accounts.
Example: Student A receives a monthly subsidy of 3,500 yuan for research assistance. According to the tax law, the tax is calculated according to the labor remuneration.
Tax rate table applicable to labor compensation income
Taxable income is: if the income does not exceed 4,000 yuan each time, it is calculated as the income minus 800 yuan; if the income is more than 4,000 yuan each time, it is calculated as 80% of the income.
Tax amount = taxable income × tax rate-quick deduction
Monthly tax deduction (3500-800)*20%=540 yuan.
At the time of final settlement. Income from wages and remuneration for labor services, etc. shall be included in the comprehensive income, and the individual tax shall be calculated on an annual basis. The basic deduction of expenses is 60,000/year.
Tax rate table applicable to comprehensive income:
Class A’s annual taxable income = 3500*12*80%-60,000, which is less than 0, so there is no need to pay personal income tax. The annual tax amount 540*12=6480 yuan can be refunded to the bank card filled in "Individual Tax APP".
Update on April 2:
How to calculate the tax you should pay:
1. First calculate the annual comprehensive income = wages and salaries income + 0.8 * labor compensation income + other (author's remuneration, etc.)
(Every detail here can be seen in the income tax details query in the app, and can be checked. If it is not true, there is "appeal" in the upper right corner)
2. Recalculate annual taxable income = annual comprehensive income-(the threshold of 60,000)-(tax deduction, such as supporting the elderly, renting a house, etc.)
3. Assuming that the annual taxable income is less than zero, all taxes can be refunded
If the annual taxable income is less than 36000 (such as 28000), then 3% tax (see the previous table), tax payable = 28000*3%=840
If the taxable income is between 36000-144000 (such as 100,000), then 10% is subtracted from the quick deduction 2520 (see the previous table), and the tax payable=100000*10%-2520=7480
4. Compare the tax payable calculated by yourself and the total amount of tax declared in the tax details query, refund more and less make up.
(If the supplementary tax is less than 400, the country will not need it, and it will be directly given to the individual; if your annual income is less than 120,000, all taxes do not need to be supplemented, and the country will not need it)
[1] [2] If you are still confused, you can private message or read the documents of the State Administration of Taxation (Reference Office). Private messages are welcome.
reference
- ^ "Announcement of the State Administration of Taxation on Handling the Final Settlement and Payment of Individual Income Tax in 2019" http://www.chinatax.gov.cn/chinatax/n810341/n810755/c5142065/content.html
- ^ Interpretation of the Announcement of the State Administration of Taxation on Handling the Final Settlement and Payment of Individual Income Tax in 2019 http://www.chinatax.gov.cn/chinatax/n810341/n810760/c5142064/content.html
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