Monday, 6 December 2021 | News today: 0

Citizens to receive 2014 annual income calculations by Thursday


All companies that pay out income to employees are obligated to give calculations of the total amount of salary, income tax and benefits paid during 2014 by Thursday, the Public Revenue Office (PRO) informed on Wednesday. This obligation to all companies was introduced to help individual taxpayers report their annual personal incomes.

All companies and individuals who have paid out income to individuals, whether through full time or part time contracts, rent, lottery gains or other incomes, are also obliged to submit their annual tax reports by January 31st. This obligation also covers those who have made payments based on purchase of agricultural products, open market organizers and other sources.

The tax report needs to contain the names of persons the products were purchased from and the amount of payments. Annual tax reports need to be made electronically on the web site.