China 2024 Tax Filing Deadines
- Date: 12 January 2024
- Tags: China, Tax, Tax Filing
- Reading time: 2 minutes
The State Administration of Taxation has issued an important notice regarding the tax declaration and payment deadlines for the year 2024. This update is aimed at clarifying the specific deadlines for various tax types that must be declared and paid within 15 days after the expiration of each month or quarter. These adjustments take into account public holidays and weekends to ensure a smooth process for businesses and taxpayers across the country.
Here are the key highlights and adjusted deadlines for tax declarations in 2024 included in the “Notice”:
- Standard Monthly Deadlines: For the months of January, March, July, August, and November, the tax filing deadline remains the 15th of each month, as per the existing regulations.
- February Extension: Given the 8-day holiday from February 10 to 17, the deadline for tax filing in February is extended to February 23. This provides businesses with additional time to complete their tax filings post-holiday.
- April Extension: Due to the 3-day holiday from April 4 to 6, the filing deadline for taxes in April will be extended to April 18.
- May Extension: The 5-day holiday from May 1 to 5 will result in an extension of the tax filing deadline to May 22, allowing for more time to comply with tax obligations after the Labor Day break.
- June Extension: With the 3-day holiday from June 8 to 10, taxpayers are given until June 19to complete their tax filings for the month of June.
- September Extension: The 3-day holiday from September 15 to 17 has led to a slight extension, with the tax filing deadline set for September 18.
- October Extension: During the 7-day holiday from October 1 to 7 (National Day Golden Week), the tax declaration deadline will be extended to October 24. This is the longest extension for the year, providing ample time for taxpayers to manage their tax-related activities post-holiday.
- December Extension: Since December 15 falls on a Sunday, the deadline is shifted to December 16 to account for the weekend.
Flexibility for Local Adjustments
If any local tax authorities encounter specific circumstances that require further adjustments to the tax filing deadlines, they are instructed to report these to the State Administration of Taxation for approval in advance.
Conclusion
These updated deadlines reflect the government’s commitment to aligning tax obligations with national holidays and weekends, offering businesses a smoother tax filing experience. It is crucial for businesses and tax professionals to note these adjustments in their 2024 calendars to ensure timely compliance.
For further clarification, businesses should consult with their tax advisors or refer to local tax offices for any specific inquiries or regional adjustments.