Reported 12 months ago
The first batch of income tax refunds for the 112th fiscal year is set to be distributed, with approximately 3.43 million cases eligible for refunds totaling over 559.2 billion yuan, marking a new record high. The refunds will be processed in three batches, with the first batch scheduled to be directly deposited or mailed with refund vouchers starting on July 31. Taxpayers are advised to either collect the refunds at financial institutions or authorize collection within the designated period (July 31 to September 30).
Source: YAHOO