What does it mean to declare and refund personal income tax?

Legal analysis: personal income tax rebate means that if someone overpays personal income tax during the final settlement of the tax bureau, the tax authorities will refund the overpaid personal income tax according to law when the parties apply for tax rebate, because many expenses that can be deducted specially are final settlement at the end of the year.

The main ways to handle personal income tax refund are:

(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 train and coach the taxpayer to complete the annual final settlement and tax refund (compensation) through the online tax bureau (including mobile personal income tax APP). If the withholding agent handles it on its behalf, the taxpayer shall make a written confirmation with the withholding agent before April 30, and supplement the comprehensive income, relevant deductions, tax preferences and other information obtained outside the unit in the previous year, 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 withholding agent or the trustee shall, after handling the annual settlement and payment for the taxpayer, inform the taxpayer of the handling situation in time. Taxpayers who find that the declaration information is wrong may request the withholding agent or the trustee to correct it, or they may correct it themselves.

Legal basis: Article 2 of the Individual Income Tax Law of People's Republic of China (PRC) levies individual income tax on the following personal income:

(1) Income from wages and salaries; (2) Income from remuneration for labor services; (3) Income from remuneration; (4) Income from royalties; (5) Operating income; (6) Income from interest, dividends and bonuses; (7) Income from property lease; (8) Income from property transfer; (9) Accidental income. Individual residents who obtain income from items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax according to the tax year; Non-resident individuals who obtain income from items 1 to 4 of the preceding paragraph shall calculate individual income tax on a monthly or itemized basis. Taxpayers who obtain income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this law.