Tax Settlement and Payment Process in 2023

The process of individual tax settlement in 2023 mainly includes several steps, such as filling in the tax return, filing the tax list, online payment, and receiving invoices. It should be noted that procedures such as payment declaration should be completed within the prescribed time limit, otherwise you will face penalties such as fines.

Personal income tax settlement is a way for taxpayers to pay taxes according to their own income. In the process of final settlement in 2023, taxpayers need to follow the following steps: 1. Fill in the tax return: taxpayers should fill in the tax return in the format prescribed by the tax authorities and make necessary explanations and calculations. 2. Tax declaration: After completing the tax declaration, you need to submit the tax declaration form and its related attachments to the tax authorities, receive invoices and declare tax payment. 3. Online payment: Taxpayers can pay the tax owed through the online service platform opened by the tax authorities or other payment methods. 4. Receiving invoices: Taxpayers should receive corresponding invoices when filing tax returns, and attach them to the Declaration Form for Final Settlement of Individual Income Tax. It should be noted that procedures such as payment declaration should be completed within the prescribed time limit, otherwise you will face penalties such as fines. At the same time, in the process of individual tax settlement, all contents should be carefully filled in according to the requirements of relevant laws and regulations, and income should be truthfully declared, and tax laws and regulations should not be violated.

How to determine the taxable income of individual income tax? The calculation formula of taxable income of individual income tax is: taxable income = total monthly (or annual) income-exemption amount-various items to be deducted, in which exemption amount refers to the income exempted from individual income tax according to the state regulations; Items that should be deducted include children's education, housing loans, and support for the elderly.

The final settlement of personal income tax is an important tax payment link every year. Taxpayers should conscientiously fulfill the relevant reporting obligations, pay the taxes owed in time, and abide by tax laws and regulations. If you encounter problems and uncertainties, you can consult the tax authorities or professional legal advisers.

Legal basis:

Article 34 of the Individual Income Tax Law of People's Republic of China (PRC) * * * Individuals shall declare and pay individual income tax by themselves. When filing tax returns at the end of the year, taxpayers should fill in the Declaration Form for Final Settlement of Individual Income Tax, file a tax list, make payments and receive invoices according to the requirements of the tax authorities.