From March 1, 2021 annual individual income tax settlement officially began. Individual income tax ushers in more refunds and less subsidies again. Come and see if you are refunding or making up taxes? 2021 annual individual income tax settlement starts today The time of annual settlement in 2021 is from March 1 to June 30, 2022, covering a period of 4 months. In order to improve everyone's tax handling efficiency and reporting experience and prevent inconvenience caused by cluster handling in the early stage of final settlement, the tax department launched appointment tax handling service. Taxpayers who need to handle tax at the initial stage of annual settlement (from March 1 to March 15) can log in to the mobile personal tax app and make an appointment to handle it on any of the above-mentioned days. From March 16 to June 30, taxpayers can log in to the mobile personal income tax app for annual settlement at any time without making an appointment. It should be noted that the opening time of the reservation function is from 6 a.m. to 22 p.m. from February 16 to March 15, 2022. Taxpayers can log in to the mobile personal income tax app within the above time and make an appointment for the annual settlement and declaration from March 1 to March 15. If you want to get the tax refund red envelope for the first time, pick up your mobile phone and make an appointment. Who needs annual settlement? If one of the following circumstances is met, the taxpayer shall handle the annual final settlement: （1） The prepaid tax is greater than the annual final tax payable and applies for tax refund; （2） The comprehensive income obtained in the tax year exceeds 120000 yuan and the amount of tax to be paid exceeds 400 yuan. Refundable or supplementary tax = [(comprehensive income - 60000 yuan - special deductions such as "three insurances and one fund" - special additional deductions such as children's Education - other deductions determined according to law - qualified donations to public welfare and charities) × Applicable tax rate - quick calculation deduction] - prepaid tax Under what circumstances do you not need to handle the annual settlement? If a taxpayer has paid individual income tax in advance according to law within the tax year and meets one of the following circumstances, it is not necessary to handle the annual final settlement: （1） The annual final settlement requires supplementary tax, but the comprehensive income does not exceed 120000 yuan in the whole year; （2） The amount of tax to be paid in the annual final settlement does not exceed 400 yuan; （3） The prepaid tax amount is consistent with the annual final tax payable; （4） Those who meet the conditions for annual final tax refund but do not apply for tax refund. How to handle the annual settlement? There are three ways to handle the annual settlement: do it yourself, do it by the unit and ask someone to do it. You can choose the handling method according to your own needs. The tax authorities provide efficient and fast online tax channels. It is suggested that taxpayers give priority to handling annual settlement through the natural person e-tax Bureau, especially the mobile personal income tax app. First, the mobile personal income tax app optimizes the pre filling service of declaration form items. Second, optimize the way of filling in social security fees. Third, optimize and add reminders. On the one hand, more service reminders are added to help taxpayers conveniently handle the annual settlement; On the other hand, the taxpayers who fill in the form of reducing income or increasing deduction, tax-free income and tax reduction or exemption shall be given risk tips to remind the taxpayers to declare truthfully according to law, so as to reduce the probability of taxpayers filling in incorrectly. Continue to implement the annual final settlement of "no penalty for first violation" If the taxpayer makes an error in filling in the declaration information when handling the annual final settlement, resulting in excessive refund or underpayment of tax in the annual final settlement, and the taxpayer corrects it on his own initiative or in time after being reminded by the tax authority, the tax authority may be exempted from punishment in accordance with the principle of "no punishment for the first violation". The tax refund can be abandoned, but the tax supplement cannot be abandoned. For taxpayers who need to make up tax in the annual final settlement, if they fail to declare and make up tax after the end of the annual final settlement period, the tax department will charge an overdue fine according to law and mark it in their personal income tax record. Are you refunding tax or making up tax? (Xinhua News Agency)