The deadline for making a declaration is approaching in large steps. Although most papers are waiting for you in your e-PIT service, not all should trust on automation.
For e-PIT entrepreneurs from the Ministry of Finance is alternatively a sketch. For the remainder of taxpayers, a settlement proposal –correct and ready for dispatch, but not the most advantageousbecause he may not take all the reliefs into account. Automated settlement with the taxation does not exempt us from checking data, introducing crucial information for us or completing deductions. What do you gotta make before April 30 to submit the best version of your PIT?
You want to save? Remember your business and children relief
In accordance with the rule that taxation relief is simply a privilege and not a duty, it is crucial for both groups first – a thorough examination of which solutions they have and, second, a correct entry.
The most popular deductions among all taxpayers are household benefits. What's to stay vigilant in 2024?
– Your e-PIT may not take into account the refund of the unused household benefit, the value of which exceeds the amount of taxation to be paid. However, in the accounts for 2023, a refund in cash or in the bank account of an unused relief, which the payer could not deduct due to, for example, low remuneration, is possible. Your e-PIT does not take into account the anticipation of refunding up to the amount of contributions paid automatically, which may consequence in the missed amount of relief. Your e-PIT for the first calculation only takes into account the part of the relief that corresponds to the amount of taxation – reminds Monika Piątkowska.
Tips on how to get a refund of unused relief can be found at: https://www.e-pity.pl/ulgi-deductions/ulga-pro-family/returns-unused-flagi/.
This year there have besides been crucial changes for families with children in hard circumstances:
● in a 2023 statement. Children's pensions will no longer affect the taxation scalewhich applies to parental income;
● possible household allowance without income limitin parents 2+1 (family with 1 child) under certain conditions (e.g. kid has 1 of 3 degrees of disability).
In the service Your e-PIT for the entrepreneur may happen that the payers will not have complete information about the kid relief. For example, KAS does not have information about whether the kid continues or undertakes to study. Therefore, peculiar care should be taken by parents who benefit from family-friendly relief in the account prepared by KAS in your e-PIT when:
● Their children were 18 or over 18 in 2023, and little than 25, and are inactive learning,
● Their children were born in 2023,
● the spouses change the form of settlements from declarations sent themselves to joint declarations and vice versa,
● their children received income higher than PLN 19,061,28 (except for household pension) – KAS does not know the amount of children's income, and in this case parents lose the right to relief.
For a detailed, up-to-date list of benefits for all taxpayers, check the website https://www.e-pity.pl/ulgi-counts/.
Trust and Control
Yes, the settlement prepared by the Ministry of Finance contains information on revenues from PIT-11, but it is definitely worth checking whether all data and calculations are correct. Why? – This is the only way to warrant well-inscribed revenues, receive the highest taxation refund, pay the lowest tax, transfer 1.5% to the selected OPP– says Monika Piątkowska, taxation advisor at e-pity.pl.
Much more work awaits those of us who will usage different forms this year than PIT-37. Recently, your e-PIT service has opened up to natural persons conducting business activities and peculiar agricultural production departments. The taxpayers have 3 digital forms available (PIT-36, PIT-36L, PIT-28) and each of them includes the data available to the National taxation Administration (KAS). In any cases, PIT folding can run faster, but automation does not remove the burden of controlling many components from entrepreneurs.
– The Ministry of Finance does not have access to all the essential data, so by all means Business settlements do not contain the key data for determining the taxation base and calculating the tax. For PIT-36 and PIT-36L there is simply a deficiency of: information on income from business activities or peculiar agricultural production divisions; reductions and deductions which do not consequence from information held by KAS; gross costs. The PIT-28, on the another hand, needs to be supplemented by: income from business / rental / sale of processed plant and animal products, reliefs and exemptions, flat-rate due – says Monika Piątkowska, taxation advisor at e-pity.pl.
You better watch the date.
All yearly statements (PIT-37, PIT-36, PIT-36L and PIT-28) should be submitted by 30 April 2024. However, not all will endure the same consequences from exceeding the deadline.
– Testimony Your e-PIT for Entrepreneurs are not automatically accepted with the end of April, as is the case with PIT-37. The entrepreneur is so required not only to complete and verify its accounts but besides to submit them in due time. taxation payers who disregard this date shall be liable to the taxation punishment for a prohibited act and shall bear the consequences – warns Monika Piątkowska.
Tax collectors consisting of PIT-37 can sleep more calmly, but definitely better if they look at the declaration this year. Neither the taxation relief nor the OPP are introduced by the Ministry of Finance. So in their case Inaction means primarily losing control of deductions and privileges.
You're clearing the PIT? Remember to transfer 1.5% of the taxation into good hands. This year we will hand over to the Polish typical in @AmpFutbolPolandhttps://t.co/nkPDa0wYcQ
(@wWWWWWWWIDOPL) April 11, 2024
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