Core Viewpoint - The article emphasizes the importance of completing the annual personal income tax reconciliation by June 30, 2024, detailing the process and requirements for taxpayers to ensure compliance with tax regulations [3][9]. Group 1: Annual Reconciliation Overview - The annual reconciliation involves summarizing various income sources such as wages, labor remuneration, and royalties to calculate tax obligations [3]. - The calculation formula for tax refund or payment is provided, which includes deductions for specific expenses and applicable tax rates [4]. Group 2: Exemptions from Reconciliation - Taxpayers are exempt from reconciliation if their total income does not exceed 120,000 yuan or if the tax due is less than 400 yuan [6]. - Other exemptions include cases where the pre-paid tax matches the actual tax due or if taxpayers qualify for a refund but choose not to apply for it [6]. Group 3: Requirements for Reconciliation - Taxpayers must complete reconciliation if they have overpaid taxes and wish to claim a refund, or if their total income exceeds 120,000 yuan with a tax due exceeding 400 yuan [7]. - Additional requirements include situations where income was underreported due to errors or lack of withholding [7]. Group 4: Timeline for Reconciliation - The reconciliation period is set from March 1 to June 30 each year, with specific dates for the 2024 tax year being March 1 to June 30, 2025 [8][9]. Group 5: Steps to Complete Reconciliation - The process begins with logging into the personal income tax app and selecting the appropriate year for reconciliation [10][11]. - Taxpayers must verify their personal information, income, and deductions before proceeding to tax calculation [13][14]. - The system will automatically calculate the tax due or refund based on the provided information, guiding users through the final steps of either claiming a refund or making a payment [17][21].

Core Viewpoint - The article emphasizes the importance of timely filing personal income tax annual reconciliation by June 30, 2024, and outlines the consequences of failing to do so, including penalties and impacts on tax credit. Group 1: Consequences of Late Filing - Tax authorities will issue a deadline for correction to taxpayers who fail to file or underpay, and may impose penalties according to the Tax Collection and Administration Law of the People's Republic of China [1] - Tax authorities will recover unpaid or underpaid taxes and impose late fees, marking the taxpayer's record accordingly [2] - Taxpayers who do not comply with tax filing regulations may be classified as seriously untrustworthy, affecting their tax credit status [3] Group 2: Who Needs to File Annual Reconciliation - Taxpayers who have prepaid taxes greater than the actual tax due and wish to apply for a refund must file [5] - Taxpayers who need to pay additional taxes and have an annual income exceeding 120,000 yuan or owe more than 400 yuan must file [6] - Taxpayers who need to pay additional taxes but have an annual income not exceeding 120,000 yuan or owe less than 400 yuan, and did not prepay taxes, must file [7] - Taxpayers who have underreported or failed to report income due to errors or non-compliance by withholding agents must file [8] Group 3: Recommendations - Taxpayers receiving notifications regarding tax refunds or payments should promptly log into the personal income tax app to complete their filings and avoid negative consequences [10]

Group 1 - The article discusses various types of income that individuals may receive, including labor remuneration, manuscript fees, and royalties from intellectual property [4][5]. - It highlights the importance of accurately reporting income and expenses for tax purposes, emphasizing that taxpayers must not claim deductions multiple times [5][6]. - The article outlines specific deductions available to taxpayers, such as those for childcare, education, medical expenses, housing loan interest, and elder support [5]. Group 2 - It emphasizes the obligation of taxpayers to file tax returns accurately and on time, warning of potential penalties for non-compliance [6]. - The article advises taxpayers to promptly apply for tax refunds if they have overpaid, and to ensure their bank account information is correct to avoid issues with refund processing [6]. - It also mentions the importance of maintaining proper documentation and verifying eligibility for various deductions to ensure compliance with tax regulations [5][6].

Group 1 - The 2024 individual income tax comprehensive income settlement is nearing its end, and taxpayers are reminded to check for legitimate notifications from tax authorities regarding potential refunds [1] - Taxpayers are encouraged to act promptly to process their tax refunds if they meet the eligibility criteria [1] Group 2 - To successfully process a tax refund, the bank account must be a personal account opened within China, preferably an I-class account to avoid daily transaction limits that could lead to refund failures [2] - It is essential to ensure that the bank account is in good standing, as statuses like cancellation, loss, deactivation, or freezing can result in refund failures [2] Group 3 - After submitting the tax refund request, taxpayers can track the refund status through the personal income tax app by navigating to the "2024 comprehensive income annual settlement" section and checking the refund records [4]

Core Points - The 2024 individual income tax comprehensive settlement in Harbin will end at the end of this month, and taxpayers can use the personal income tax app for automatic calculations of tax refunds or payments [1] Group 1: Taxpayer Obligations - Taxpayers whose pre-paid tax amount is less than the actual tax amount due and do not meet the exemption criteria must complete the tax settlement [2] Group 2: Tax Calculation - The formula for calculating the tax refund or payment is detailed, including deductions for various expenses and applicable tax rates [3] Group 3: Situations Leading to Additional Tax - Several scenarios can lead to additional tax payments, such as multiple employment, additional income sources, and changes in employment during the year [4] Group 4: Consequences of Non-compliance - Failure to complete the tax settlement can result in reminders, penalties, and increased scrutiny from tax authorities for the next three tax years [5]

Core Viewpoint - The article provides guidance on the annual personal income tax reconciliation process, specifically addressing common questions regarding tax refund applications and the conditions under which they may be revoked or denied. Group 1: Tax Refund Application Process - Taxpayers must use their own bank account for refund applications to ensure fund security [2] - Taxpayers can revoke their refund application before the tax authority completes the review [3] - If the tax authority has already approved the application and submitted it to the treasury, revocation is not possible, and a correction declaration must be filed [3] Group 2: Error Handling and Refund Rights - If a taxpayer discovers an error after the tax authority has approved the application, they cannot cancel the declaration but can file a correction based on the previous submission [4] - Taxpayers have the right to waive their refund, but if they choose to do so, they must reapply within the statutory period [5] Group 3: Conditions for Refund Denial - Refund applications may be denied or fail under several conditions, including incorrect personal information, invalid bank account details, errors or discrepancies in the declaration data, inability to contact the taxpayer for verification, or lack of confirmation on the annual reconciliation information [5][6]

Core Viewpoint - The article discusses the taxation rules for various types of one-time income, including annual bonuses, severance pay, and retirement compensation, emphasizing the need for individual taxpayers to understand their tax obligations and options for filing. Group 1: Annual One-Time Bonus Income - Annual one-time bonuses are defined as bonuses given based on the overall economic performance and employee evaluation, which may include year-end salary increases and performance-based pay [1]. - Tax calculation for annual one-time bonuses can be done separately from the annual comprehensive income, using a method that divides the bonus by 12 to determine the applicable tax rate and quick deduction [2]. - A case study illustrates that if an individual receives a bonus of 24,000 yuan, the applicable tax rate is 3%, resulting in a tax liability of 720 yuan [3]. Group 2: Severance Pay - Severance pay refers to the one-time compensation received when an employment relationship is terminated, which may include economic compensation and other allowances [5]. - The portion of severance pay within three times the local average annual salary is exempt from personal income tax; any amount exceeding this threshold is taxed separately [6]. - A calculation example shows that if an individual receives 370,000 yuan in severance pay, with the local average salary being 80,000 yuan, the taxable amount is 130,000 yuan, leading to a tax liability of 10,480 yuan [6]. Group 3: Retirement Compensation - One-time compensation received upon early retirement is subject to tax based on the number of years until the legal retirement age, averaged out to determine the applicable tax rate [9]. - An example indicates that if an individual receives 180,000 yuan in retirement compensation, with a deduction standard of 60,000 yuan, the tax liability amounts to 1,800 yuan [9]. - It is noted that retirement compensation does not need to be included in the annual comprehensive income for tax filing purposes [13].

Core Viewpoint - The article provides a step-by-step guide on how to change the bank account linked to the personal income tax refund in the Personal Income Tax APP, emphasizing the importance of updating bank information for tax refunds [3][4][6]. Group 1: Steps to Change Bank Account - Users need to log into the Personal Income Tax APP and click on the "My" option at the bottom right of the homepage [4]. - In the "Bank Card" section, users can view their currently linked bank accounts [6]. - To unlink a bank account, users must select the account they wish to remove and click on the "Unlink" option, confirming the action in the prompt [8][9]. - After unlinking, users can add a new bank account by clicking the "Add" option in the "Bank Card" section [10]. - Users must fill in the required information for the new bank account and complete the SMS verification to finalize the addition [12][14]. - Once the new bank account is added, it can be selected as the refund account during tax refund applications [15].