Fynsa
As established a decade ago by the Tax Reform (2014), the recently published Law No. 21.713 established a new voluntary and extraordinary system of declaration of assets and income abroad, which appear in a situation of tax non-compliance.
From time to time, the tax debate focuses on the convenience or not of disintegrating the tax system. Currently, the tax paid by companies is a credit - partial or total - that owners can deduct from their personal taxes.
Friday, June 28th is the deadline to file Affidavit No. 1929, in compliance with the legal obligations to inform the tax authority of this type of transactions.
The income tax process does not end with the submission of Form No. 22: filing tax returns, monitoring statements and managing observations require the attention and proactivity of taxpayers.
In this note, we explain why the annual income tax return can generate for taxpayers the obligation to pay tax, or give them the right to request a refund.
Although the tax authority seeks to facilitate the tax compliance of an important group of taxpayers through income proposals, the latter are responsible for checking the information they declare, prior to its submission.
We tell you some details of the Income Tax Return that -as a general rule- taxpayers must file in April with the SII, answering some questions on the subject: what is this return and who, when, how, where and why must file it.
These days, not everything is Operation Income: real estate taxes, tax surcharge and tax on high value assets are -among others- tax issues to be considered in this fourth month of the year.
Through the annual income tax returns, the SII receives information from different national sources, which allows it to facilitate taxpayers' tax compliance and, at the same time, to optimize its auditing role.
For the second year, banks and other financial entities must report to the tax authority, through DJ No. 1955, the balances and transactions carried out by their customers in the year 2023, when they comply with the provisions of art. 85 bis of the Tax Code.
