Saturday, April 18, 2009

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Who must file income tax returns?

Are we required to apply for the draft of the rent? What is the limit?

Every year around this time comes to present the income statement, a procedure somewhat annoying and often costly for taxpayers.

However, there are many people who do not know whether or not to report. Are often required and many others is recommended because they may return money.


Therefore, the first and indispensable for taxpayers to ask if is required to declare income tax. Or through the official website of finance or by navigating to the nearest office.


should know that there are several exceptions for which there is no need to present and therefore not break the law. Everything will depend on income, deductions and annual source, in this case, the exercise for 2008.


So, you have to know that returns are secured in the following cases: the purchase of a home, renting a property, a business savings account or have made contributions to heritage protection of persons with disabilities pension plans, plans provident insured pension plans and insurance business unit that will reduce taxable income. Attention will also be deductions for maternity or adoption.


of the tax declaration can go two cases to confirm the draft. On one side is negative, receive a refund from the Tax Office, or positive, ie to pay.

And who is free from this process?
taxpayers who received income in 2008 below $ 22,000 gross for a single payer.


If the record more than one payer will be the sum of the sums received from the second and not exceed 1,500 euros.


This is very important, because it means that virtually most pluriempledos must confirm the draft Income Tax. However, it is likely that this result is positive and have to pay.

If that amount exceeds the total income for work performance should be less than 10,000 euros. For example, a person who has changed his company throughout the year, although income does not exceed 22,000 euros annually, is nearly 100 percent forced to testify.


VIA - Yahoo Finance

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