Individual income tax annual reconciliation and special additional deductions

Administrative Measures for the Annual Reconciliation and Settlement of Individual Income Tax on Comprehensive Income

Understand in one sentence: The "Measures for the Administration of the Annual Comprehensive Income Settlement and Payment of Individual Income Tax" take effect from the date of publication and apply to the annual settlement and payment of income from wages and salaries, remuneration for labor services, author's remuneration, and royalties; taxpayers shall handle it within the prescribed time limit, and those meeting exemption circumstances need not handle it, but where the prepaid tax amount exceeds the actual tax payable and a refund is applied for, where the prepaid tax amount is less than the actual tax payable and the exemption circumstances are not met, or where incorrect application of income items, failure of the withholding agent to perform withholding obligations in accordance with the law, or absence of a withholding agent leads to under-declaration or non-declaration of comprehensive income, it must still be handled in accordance with the law.