Taxpayers who apply to the tax authorities for tax refund for final settlement or withholding agents who apply to the tax authorities for tax refund for final settlement shall, after being examined by the tax authorities, apply for tax refund in accordance with the relevant provisions on treasury management.

Legal objectivity:

Detailed Rules for the Implementation of People's Republic of China (PRC) Tax Collection and Management Law

Article 78

If the tax authorities find that taxpayers pay more taxes, they shall go through the formalities of tax refund within 10 days from the date of discovery;

If a taxpayer finds that he has overpaid and asked for a tax refund, the tax authorities shall verify the tax refund procedures within 30 days from the date of receiving the taxpayer's application for tax refund. The tax refund for overpayment of taxes plus interest on bank deposits in the same period as stipulated in Article 51 of the Tax Administration Law does not include settlement tax refund, export tax refund and various tax reductions and exemptions. The tax refund interest shall be calculated according to the deposit interest rate stipulated by the People's Bank of China on the day when the tax authorities handle the tax refund formalities.