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Site opens for tax declarationsThe online platform for the submission of this year’s income tax declarations (for incomes earned in 2016) opened on Thursday, earlier than ever before, and it appears that it will close on July 15, although a legal clause to that end is still anticipated.More than 6 million taxpayers will have to file details concerning their 2016 economic activities and all signs point to a higher tax bill for the vast majority.
Income tax declaration deadline is June 30All taxpayers will have to submit their income tax declarations by June 30, according to a law amendment tabled in Parliament on Tuesday.Taxpayers’ first income tax installment is due by July 31, the second by end-September and the third by end-November. The number of installments for businesses has been slashed from eight to six, with the first payable by the end of the month after the declaration’s submission, instead of the same day. The subsequent five tranches are due on the last day of the following five months.
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