• Welcome to China Foreign Trade Agency!

Tax refund received! 90% of people forget to claim this "hidden income"

NO.20251016*****

Problem Analysis: *****, Solution: *****, Process and Cost: *****

Get the solution
The 2023 annual individual income tax settlement is in progress. Details of the tax refund policy, applicable groups, operation process and common misunderstandings are explained. It includes interpretations of new deduction items such as childcare for children under 3 years old. Step - by - step guidance on how to handle tax refunds through the Individual Income Tax APP is provided. Attention is drawn to the declaration deadline and risk avoidance to help you legally obtain the tax refund due.

"Ms. Li's bank card suddenly had an extra 3800 yuan last month. After checking the transaction records, she found out that it was the over - paid tax from last year!" Recently, there have been more and more similar posts in the WeChat Moments. It turns out that everyone is quietly handling tax refunds. Today, let's talk about this "hidden income" that many people overlook.

1. What exactly is the tax refund for?

Simply put, a tax refund is to return to you the over - paid tax in the past year. In China, a withholding and prepayment system is implemented. The tax deducted from your monthly salary is just an estimate. During the annual settlement, "more refunds and less supplements" will be carried out according to the actual income.

Key note: The 3 newly added special additional deductions in 2023 are particularly worthy of attention: childcare for children under 3 years old, personal pension deductions, and an increase in the special additional deduction standard for continuing education. Many people can get an additional tax refund of thousands of yuan because of these.

2. Who is most likely to get a tax refund?

Can you really get a 8000 - yuan tax refund with an annual salary of 100,000? Secrets that accountants won't tell you

  • People with an annual income of less than 60,000 yuan but who have prepaid individual income tax
  • Those who have special deductions such as children's education, mortgage, and elderly support but have not declared them
  • Freelancers or people with multiple labor remuneration incomes
  • Office workers who changed jobs midway last year and caused the tax rate to jump
Mr. Zhang is a typical example: After changing jobs in 2023, his annual salary increased from 150,000 yuan to 220,000 yuan. Since the previous company still deducted tax at the original rate, the final tax refund amount reached 6720 yuan.

3. Step - by - step guidance on the operation process

Now, it only takes 5 steps to handle a tax refund through the "Individual Income Tax APP":

  1. Register / log in and enter the "Annual settlement of comprehensive income"
  2. Check the income and deduction information pre - filled by the system
  3. Supplement and fill in special additional deductions (if any are missing)
  4. The system automatically calculates the tax amount to be refunded / supplemented
  5. Submit the declaration and bind a bank card for receiving the payment

Key note: The legal handling period is from March 1st to June 30th. Making an appointment before March can avoid system congestion. Zhongshitong Tax Agents remind that the part of medical expenses exceeding 15,000 yuan can also be retrospectively supplemented for declaration.

4. These minefields must not be stepped on

  • Falsely claiming special additional deductions (facing tax supplements + fines)
  • Omitting to report comprehensive income such as labor remuneration (may be recovered)
  • Mistakenly calculating the annual one - time bonus separately (may pay more tax)
  • Forgetting to appeal against the misused employment information
Ms. Wang once had to pay an additional 2300 yuan in tax because her previous company continued to report false wages for her. She only resolved the issue by appealing through the APP.

Has your tax refund arrived?

According to statistics from the tax department, about 65% of taxpayers received tax refunds in 2022, with an average tax refund amount of 1980 yuan. Why not open the APP now to check? Maybe there is a "windfall" waiting for you to claim. Friends who have already handled it are welcome to share your tax refund amount and declaration experience in the comment section!

0
If you like it? Please support it. Tks!
Further Reading
Shocking! There Are So Many Tricks to Export Tax Refunds
Hidden Traps in Import and Export Tax Refunds
Why Are Your Huadu Tax Refund Applications Always Rejected? 3 Fatal Mistakes You Might Be Making
Is the tax refund received more than the payment for goods? The financial management skills that foreign trade bosses are secretly learning
Is the Value-Added Tax Refund in the District? Do You Know All the Tricks Inside!
Revealed! What exactly is the process from export to tax refund?

If you require China procurement agency or import-export agency services, please get in touch with us through the following channels. Our professional consultants will reach out to you promptly for personalized support.

Friendly Reminder
Quick Consultation :

Latest Comments (0) 0

Leave A Comment