Deadline for tax return forms expires Monday midnight

The deadline for the submission of 2015 income tax returns expires at midnight Monday and the Tax Administration has reported that 56,000 tax return applications have been lodged so far and another 95,000 have applied under special proceedings.

As usual a large number of citizens are leaving their tax returns until the last moment, however this year most of tax payers are not required to file individual tax return requests, because for the first time the Tax Administration is applying a specific procedure of determining the annual income tax. This means that a majority of tax payers, namely 600,000 of them, are not obliged to independently submit their annual tax return, but it will be done automatically by the internal revenue directorate.

According to figures released by the Tax Administration, a total of 56,052 have lodged their return applications and another 95,131 tax payers, mainly small business owners and free-lancers, have filed for returns under special proceedings.

The payment of tax refunds will start in August. Those who need to pay additional taxes and fail to appeal on time are obliged to do so by 31 July.

Last update: Mon, 29/02/2016 - 13:35

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