1. What are the provisions of the new national individual income tax rebate policy?
1, the taxpayer who needs to make annual settlement.
(1) The tax paid in advance in 2019 is greater than the tax payable in the whole year, so apply for tax refund. Including 2019 of the comprehensive income which does not exceed 60,000 yuan but has paid personal income tax in advance; The annual withholding tax rate for remuneration for intermediate services, remuneration for manuscripts and royalties is higher than the annual withholding tax rate for comprehensive income; Failing to declare or fully declare the legally determined expenses, special additional deductions, special additional deductions or other deductions or donations when paying taxes in advance, failing to declare or not fully enjoying the comprehensive income tax concessions.
(2) The comprehensive income in 2019 years exceeds120,000 yuan, and the amount of tax payment exceeds that in 400 yuan. Including two or more comprehensive income, the increase in the applicable tax rate after the merger leads to the prepayment of tax less than the annual taxable amount.
2. You can enjoy pre-tax deduction.
The following items of pre-tax deduction that have not been declared or fully deducted may be deducted or supplemented by taxpayers during the annual settlement period:
(1) eligible medical expenses for serious illness incurred by taxpayers, their spouses and minor children in 20 19;
(2) Special additional deductions for taxpayers' children's education, continuing education, housing loan interest or housing rent, support for the elderly, etc., which were not declared or fully enjoyed in 20 19, as well as expense deductions, special additional deductions and other deductions determined according to law;
(3) Taxpayer's eligible donation expenditure on 20 19.
3. Processing time
The time for taxpayers to make final settlement in 20 19 is from March 1 2020 to June 30. Taxpayers who have no domicile in China and leave the country before March 1 2020 can make annual settlement before leaving the country.
4. Processing method
(a) for the annual settlement.
(2) Income from wages, salaries or remuneration for continuous services shall be handled by withholding agents on their behalf. If the taxpayer requests the withholding agent to handle it on his behalf, the withholding agent will handle it on his behalf, or guide the taxpayer to complete the annual final settlement and tax refund (compensation) through the training of online tax bureau (including mobile personal income tax APP). Where the withholding agent handles it on its behalf, the taxpayer shall make a written confirmation with the withholding agent before April 30, 2020, and supplement the comprehensive income, relevant deductions, tax preferences and other information obtained outside the unit on 20 19, and be responsible for the authenticity, accuracy and completeness of the information submitted.
(3) When entrusting a tax-related professional service institution or other units and individuals (hereinafter referred to as "the trustee"), the trustee shall sign a power of attorney with the taxpayer.
The personal tax rebate under the system of final settlement is almost over now, and the personal income tax rebate is related to the vital interests of the people. Therefore, most taxpayers, especially those who overpay personal income tax, have already applied for tax refund through the online tax bureau, and can receive the tax refund as soon as 10 days after submitting the application.