The deadline for the 2023 annual individual income tax comprehensive income reconciliation and settlement is approaching. According to the Announcement on Matters Concerning the Handling of the 2023 Annual Individual Income Tax Comprehensive Income Reconciliation and Settlement issued by the State Taxation Administration, the processing period for the 2023 annual individual income tax reconciliation runs from March 1 to June 30, 2024.

If a taxpayer has eligible special additional deductions incurred in 2023 for infant and toddler care for children under 3 years old, children's education, continuing education, major illness medical expenses, housing loan interest or housing rent, and support for the elderly, they may declare or supplement these deductions during the reconciliation period.

Since the beginning of this year, tax authorities have reported multiple cases of failure to handle the annual individual income tax comprehensive income reconciliation and settlement in accordance with the law. Tax authorities remind taxpayers that the 2023 annual individual income tax comprehensive income reconciliation will end at the end of June, and taxpayers are requested to handle it truthfully in accordance with the law. At the same time, please check whether there were any circumstances in previous years in which reconciliation and settlement should have been handled but was not, tax declarations and payments were not standardized, or taxable income was obtained without declaration, and promptly make corrections.