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Photo by Judita Grigelyts (V)
The amount of the personal income tax (GPM) overpayment will soon fall into the accounts of more than 14,000 residents: on Monday, the State Tax Inspectorate transferred more than 4.2 million lats to them. EUR. Almost half a million people have already submitted GPM statements to the Inspection.
This year, GPM’s overpayment to the population began like never before, less than a week after the start of the declaration. Personal account requests will be made according to a random flow every business day, the press release quotes Stas Aliukonyt-nirien, Director of the Department of Tax Obligations of the State Tax Inspectorate (STI).
It notes that all GPM overpayments are reimbursed by the STI if income is reported not only for past periods but also for prior periods, which is done in a timely and correct manner.
Almost half a million
According to the latest data from the Electronic Declaration System (EDS), income declarations are less than a week from March 3. it has already contributed some 493,000 inhabitants.
More than 36,000 residents have filed declarations with the amount of GPM to pay and will have to pay about 17 million. Eur GPM state budget. About 426,000 individuals filed returns with almost 116 million. EUR GPM amount.
Last year, 355,000 people declared 192 million. The GPM will pay more than 184 million euros. EUR.
The STI reminds that residents who have recovered part of the PIT can receive housing, car repair and babysitting services, life insurance (own, spouse, minor child or child under 18 years old), pension accumulation fees, salary for home loan until January 1, 2009).
The GPM benefit can also be used by the study population without evaluating the degree obtained and what degree is being awarded. GPM overpayments also occur in cases where the annual tax-free income (NPD) has been adjusted too low for a person’s earned income.
Deadline until May 3.
The declaration of income and assets began on March 3. The declaration will take place for two months and only remotely.
The STI provides information on approximately 2.3 million LTL in the electronic filing system. Income and benefits of the Lithuanian population in 2020. According to the administrator, it paid 1.74 million. Residents only to confirm and submit the following statements.
Residents must declare and pay taxes before May 3.
Last year, due to the pandemic, the declaration of income and assets began later and lasted until July 1. Reporting of poor income begins in mid-March and ends in early May.
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