The State Tax Inspectorate (VMI) reminds that residents who are required to declare their income have one week left to do so. They have until May 2 to submit their income tax returns. Currently, about 69 percent have performed the duty. of residents obliged to declare, and in total more than 1,3 million submitted income tax returns. population. VMI shares the most common questions and answers asked during the last week of income declaration.
Do I also have to declare zero income from individual activity (IDV)?
Yes, income tax return by May 2. must be submitted by all residents who registered an IDV with a certificate or purchased a business license last year, even if no income was received from the activity. Then "0" is simply entered in the income line.
I declared an overpayment of income tax - when will I receive it?
Overpayment of VMI returns until July 31 The lists for the return of overpayments are drawn up in random order, regardless of the date of submission of the declaration. The GPM overpayment is returned when the resident has submitted or corrected all mandatory income tax returns for the previous year, as well as, if necessary, real estate tax returns.
Will I still be able to donate some of my GPM to support?
Yes, applications for allocation of part in 2023 paid GPM support can also be completed up to May 2 Beneficiaries and artists can be allocated up to 1,2 percent. GPM, political organizations — up to 0,6 percent, trade unions or their associations — up to 0,6 percent. If the resident is required to declare income, then in order for the request to allocate part of the GPM for support to be fulfilled, the income tax declaration must be submitted by May 2. More information is available here.
How to declare real estate rental income?
If House after purchasing a leased business license, the fixed income tax is paid immediately, but the income, like all other IDV income - even zero income - must be declared by May 2. When the resident's income from this activity exceeds 45 thousand. EUR limit, the part exceeding which is taxed at 15%. GPM. If a business license has not been purchased, the received income must be declared when submitting an income tax return. In this case, the income is taxed at 15 percent. (in some cases[1] 20 percent) at the GPM rate. The calculated amount of GPM payable must also be paid before the end of the income declaration deadline.
It should be noted that residents who lease real estate to companies or residents who have performed IDV do not pay GPM, because the income received is classified as class A income, from which the tax is calculated, deducted and paid by the tenant himself.
Why do I have to submit a resident's (family's) property declaration?
Until May 2 The annual resident (family) asset declaration (form FR0001) must be submitted through the Electronic Declaration System (together with the income tax declaration) by persons who have such an obligation as a result of 2023. held positions or in 2024 upon taking office: politicians, civil servants, heads of budgetary and public institutions, municipalities, state enterprises and their deputies, judges, notaries and other persons and members of their families. More information is available here.
The declaration can be made remotely, relevant information is available on the VMI website and YouTube, and consultations can be done by phone
April 25, 15 p.m. residents have the opportunity to join the last practical seminar via ZOOM and, without waiting for May 2, to declare income together with a VMI specialist. The seminar is intended for both those who have only received a salary and those who were self-employed last year. During it, general questions raised by the participants will be answered.
