Ministry of Finance to Issue Tax Refunds! All eligible in Taiwan 'Average of 16,000 per person', 7/31 Tax Refund Directly Deposited

With the end of the 114th year's comprehensive income tax settlement declaration, the small happiness of tax refunds that citizens have been looking forward to is about to arrive! According to statistics from the Ministry of Finance, the first batch of comprehensive income tax refunds this year will be officially disbursed on July 31, with an expected 3.657 million refunds totaling 612.4 billion yuan, with an average refund of approximately 16,000 yuan per person.

Comprehensive income tax first batch refund deposited on 7/31! Who can get the money the fastest? First batch refund qualifications and 3 disbursement batches announced The National Taxation Bureau pointed out that comprehensive income tax refunds are issued in three batches every year, with the first batch covering the most people and the highest amount. The disbursement times and applicable conditions for each batch are as follows:

Batch 1 (Deposited on July 31, 2024) Those who filed online or via mobile phone during the May filing period. Those who received a tax estimate notice and completed confirmation via online login or telephone voice. Those who submitted the tax estimate paper receipt in writing to the National Taxation Bureau of their registered residence by May 11.

Batch 2 (Deposited on October 30, 2024) Those who filed manually in paper form or via QR code, or those who submitted the tax estimate paper receipt after May 12. Those who submitted the tax estimate paper receipt to a 'non-registered residence' National Taxation Bureau by May 11.

Batch 3 (Deposited on January 20, 2025) Overdue filings, or cases that were originally filed as non-refundable but were later determined by the National Taxation Bureau to be eligible for a refund.

Direct deposit is the fastest! Lazy person's package for tax refund voucher redemption period and procedure In this first batch of refunds, 3.581 million cases (approximately 603.6 billion yuan) chose 'direct refund', and the refund amount will be directly transferred to the designated financial institution or post office account on July 31. Citizens can receive the money without leaving their homes.

For the 76,000 cases (approximately 8.8 billion yuan) that did not fill in the account information, the National Taxation Bureau will send a paper 'tax refund voucher' on the same day. The redemption notes are as follows:

Redemption period: From July 31, 2024 to September 30, 2024. Please complete the redemption within the period. Overdue will not be able to receive the money directly. Amount less than 5,000 yuan: You can redeem cash directly at the designated payment bank with the voucher and identification documents. Amount of 5,000 yuan or more: You must go to a financial institution or post office with the voucher to 'exchange the bill' and deposit it into your account before you can withdraw it.

If you receive a paper tax refund voucher and want to change it to online transfer, you can apply online for direct refund within the specified period through the 'Ministry of Finance Tax Portal', saving you the trouble of going to the bank and avoiding the risk of losing the voucher or being fraudulently received.

Prevent fraud! The National Taxation Bureau reminds: Never send text messages asking to click links Fraudulent tactics are rampant, and during the tax refund season, there are always lawbreakers who borrow the name of tax authorities to steal personal information. The National Taxation Bureau especially emphasizes that local national taxation bureaus will absolutely not send links via text messages, emails, or LINE and other communication software, asking citizens to click to handle refunds or taxes, and will never ask to perform any operations at ATMs. Citizens, if you receive suspicious messages, please be alert and call the anti-fraud hotline 165 or verify with the National Taxation Bureau of your registered residence to avoid being cheated.