Friday, 08 February 2019 15:54

When does the period begin to declare 2018 income?

Written by Dinero

Do you want to be among the first to declare 2018 income? The Ministry of Finance plans to officiate the period to declare the income tax, next February 11. This year, changes are foreseen in the platform for the presentation of this declaration.

According to the data of the Ministry of Finance, salaried persons with annual incomes above US $ 60,000.00, are required to declare.

While people with annual income equal to or less than US $ 60,000.00 are faced with different scenarios, those with annual liquidation will have to pay, must present the declaration and cancel the corresponding amount, and to those who have an amount to return, " if you want the refund to be effective, you must present the declaration, but there is no obligation, it also applies to annual income of less than US $4,064.00 that were subject to withholding”, The Ministry of Finance explains on its website.

Persons who, with annual liquidation, result in zero tax on pay and return, are not required to present the declaration.

People with annual incomes of less than US $4,064.00 and who were not subject to withholding, must not present a declaration.