The consequences of individuals failing to make final settlements and settlements

The consequences of individuals failing to make final settlements are as follows:

1. The basic rights and travel of the legal representative of the enterprise may be restricted, for example, they cannot apply for a loan from a bank to purchase a house;

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2. The enterprise may be fined by the tax authorities ranging from 2,000 yuan to 10,000 yuan;

3. The legal representative may not be able to leave the country, and immigration procedures will be blocked.

Basic concepts of personal income tax:

1. Definition of personal income tax: Personal income tax is a tax on personal income, levied according to the amount of personal income;

< p>2. Taxable objects: The taxable objects of personal income tax include wages, salaries, labor remuneration, royalties, royalties and other personal income;

3. Tax rate structure: Personal income tax adopts an excessive progressive tax rate , different income amounts are subject to different tax rates;

4. Tax-free quota: There is a certain tax-free quota for personal income tax, and income below the tax-free quota does not need to pay personal tax;

5 . Special deductions: Personal income tax allows some specific expenditures to be used as special deductions, such as children’s education, continuing education, serious illness medical treatment, etc.

6. Comprehensive income: Comprehensive income in personal income tax includes wages and salaries, labor remuneration, author remuneration and royalties, etc.;

7. Classified income: In addition to comprehensive income, There are also classified incomes such as business income, property leasing income, property transfer income, incidental income, etc.;

8. Declaration method: Personal income tax can be withheld and paid by the unit, or it can be declared and paid by the individual; < /p>

9. Tax preferences: Under certain circumstances, personal income tax may enjoy preferential tax policies, such as key technical personnel of high-tech enterprises;

10. International taxation: For transnational work For individuals, personal income tax also involves issues of international tax treaties and avoidance of double taxation.

To sum up, the consequences of an individual’s failure to make final settlement include restrictions on the basic rights and travel of the legal representative of the enterprise, possible fines from the tax authorities, and the inability of the legal representative to leave the country and handle immigration procedures. .

Legal basis:

"Tax Collection and Administration Law"

Article 62

Taxpayers fail to pay taxes within the prescribed time limit If a person declares and submits tax information, or if a withholding agent fails to submit a tax withholding and remittance report form and relevant information to the tax authorities within the prescribed time limit, the tax authority shall order him to make corrections within a time limit and may impose penalties. A fine of not more than 2,000 yuan may be imposed; if the circumstances are serious, a fine of not less than 2,000 yuan but not more than 10,000 yuan may be imposed.