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This year, returns and taxes must be submitted by May 3. Failure to do so on time can result in penalties and penalties. If not, default interest will be calculated and a recovery procedure will be initiated, unless the resident enters into a tax deferral agreement.
On the other hand, the faster the income statement, the faster the overpayment of taxes can be recovered. The STI promises to transfer the money no later than July 1, but this is usually done earlier.
Declared remotely
Due to the coronavirus and related restrictions, unlike in previous years, this year no live statements will be accepted. However, the STI is pleased that over the past year, more than 86 percent. the population did it anyway. The rest will be attended by phone.
“This year, as soon as ever, we update the data in the EDS system about their income and expenses, which they will have to report remotely for two months.
There are no significant changes to the EDS; as in the previous year, the already familiar assistant who facilitated this process will help to declare the income: in total for 2019. income e. declared 1.37 million. people, of which 86% did so without additional assistance and, to date, electronic returns for 2020 have already independently filed 200 thousand. residents, ”said Stasė Aliukonytė-Šnirienė, Director of the STI Fiscal Responsibility Department.
He added that those who do not have the opportunity to do so e. STI consultants will help complete the returns over the phone.
Who has to declare income?
Income declarations must be filed by residents who carry out individual activities, as well as those whose annual income exceeds the established amount of the average salary and residents who have received other income for which they must pay taxes.
Income must be reported by residents who have been subject to excessive tax-free income (NPD) and therefore must pay part of their personal income tax (PIT) or recover this tax if the NPD has been applied too low.
Also that you want to take advantage of the benefits of GPM and recover part of the costs incurred (mortgage interest, tuition premiums or life insurance, etc.).
By 2020 Assets declarations for occupied positions must be submitted by politicians, officials, etc.
We will provide GPM support in the usual way
The procedure and form of granting support under the GPM part do not change. Residents can support desired organizations, political parties, unions, or artists until May 3. Last year, more than 470 thousand. allocated about 20.1 million LTL to support the population. euros.
The safest and easiest way to do this is to submit requests (FR0512, version 4) through EDS. We remind you that from 2022. We can only assign part of the GPM to e. path.
During the filing period, tax specialists will provide telephone consultations and help complete returns by calling 1882 (Option 1 – “Personal Income Statement”) or other additional phone numbers, which are posted on the STI website.
“Residents who subscribe to the phone number authentication service in my STI account will receive inquiries faster during the call, because the system will recognize the caller and give him priority,” emphasizes S. Aliukonytė-Šnirienė, adding This system is designed to identify residents who already use STI electronic services and STI consultants can help them faster.
Instructions on how to request this service can be found on the STI website
Last year, 1.25 million. The population declared income on time, of which 848 thousand. recovered almost 184 million. Overpayments in EUR GPM. 355 thousand population declared payable 192 million. amount of GPM for 2019. This year, more than 200 thousand people have already filed declarations. persons.
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