Tax Bureau: 70 million taxpayers have applied for tax refunds.

On April 1st, Dai Shiyong, Director of the Policy and Regulation Department of the State Taxation Administration, stated at a press conference that the individual income tax settlement has been carried out for a month this year, with over 70 million taxpayers having applied for refunds in accordance with the law, and over 5 million taxpayers have voluntarily declared and paid additional taxes in accordance with the law. The overall operation is stable and orderly. Dai Shiyong mentioned that the individual income tax settlement processing will continue until June 30th, so please arrange your time reasonably, stagger your filings, and try to avoid the peak period at the end of June. Taxpayers who are eligible for refunds should quickly claim their tax refund "red envelope"; taxpayers who need to pay additional taxes should declare and pay their taxes within the specified time to avoid late payment penalties and unnecessary losses. He reminded that according to the personal income tax law, residents must pay personal income tax on income obtained from both within and outside China. Taxpayers with foreign income must complete their declarations for both domestic and foreign income before the end of June. The tax authorities will utilize international financial account tax-related information automatic exchange and other data to analyze and compare the declaration data of foreign income, and continue to strengthen tax supervision.