[ad_1]
“The income statement must be submitted by those residents who have rented residential premises to other residents after obtaining a business license. It is important to file the return even if no income was received from this activity during the year, “says Stasė Aliukonytė-Šnirienė, Director of the STI Department of Fiscal Responsibility.
According to the representative of the State Tax Inspectorate, any real estate property for other residents and legal entities can also be rented without a business license. “In this case, at the end of the year, all you have to do is declare the income received and pay 15%. Personal income tax,” says S. Aliukonytė-Šnirienė, recalling that this year the income must be declared and taxes must be paid before July 1.
2018 received more than 8.7 thousand in income from real estate rentals. population. Its declared income amounts to 86.1 million. euros
The ITS recalls that rental income received from the rental of real property to legal entities or residents participating in individual activities is considered Class A income. In this case, the tenant of the property calculates and pays the GPM.
Residents who rent real estate without obtaining a business license are subject to a rental income of 15%. income tax rate. If the total annual income received by a resident (excluding employment related income) exceeds the amount of 120 average wages (i.e. in 2013 – EUR 136344), then the excess is taxed at 20%. tariff.
The ITS reminds that it is more convenient and faster to declare income using the Electronic Declaration System.
[ad_2]
