As of April 1, the annual settlement process for comprehensive individual income tax for the 2025 fiscal year has been underway for one month. More than 70 million taxpayers have applied for tax refunds in accordance with the law, while over 5 million taxpayers have voluntarily declared and paid additional taxes. The process is proceeding smoothly and in an orderly manner. The tax settlement period will continue until June 30.

Taxpayers are reminded to promptly confirm their comprehensive income, relevant deductions, and other information using the Individual Income Tax App or through their withholding agents. They should also prepare necessary supporting documents in advance. When applying for preferential tax reduction or exemption policies, taxpayers should carefully review the relevant regulations beforehand to avoid having to pay late fees due to incorrect or fraudulent claims.

According to the Individual Income Tax Law, resident individuals are required to pay taxes on both domestic and foreign-sourced income. Taxpayers with overseas income must declare their total worldwide earnings by the end of June. Tax authorities will utilize data such as the Common Reporting Standard (CRS) for automatic exchange of financial account information to analyze and compare declarations of foreign income, thereby continuously strengthening tax oversight.

Taxpayers are also cautioned to remain vigilant against tax refund scams. They should only use official channels such as the Individual Income Tax App or the Natural Persons Electronic Tax Bureau to complete their settlements. It is important not to trust online "tax refund tips" or offers from so-called professionals claiming to help secure larger refunds. Personal information, including Individual Income Tax App account details, passwords, and bank card information, should never be shared with strangers to prevent identity theft, unauthorized account access, or involvement in fraudulent declarations, which could lead to financial loss and tax-related risks.