At the end of the year comes the annual obligation to file a personal income tax return for the previous year. In parallel with the approaching deadline for filing a tax return, there are also a number of questions raised by taxpayers.
Who is required to file a tax return?
What are the deadlines for filing a tax return?
Who doesn't have to file a tax return at all?
Who is obliged to file a tax return
The obligation to file a tax return in 2022 arises for the natural person who has achieved for 2021:
- income from employment (if the employer's annual tax settlement has not been requested),
- income from trade,
- income from other self-employment (experts, interpreters, auditors, etc.)
- income from the sale of real estate (if it was sold before the expiry of 5 years from acquisition),
- income from the rental of real estate,
- income from authorship,
- income from the sale and use of the work,
- income from the sale of shares, bonds, cryptocurrencies,
- other revenue.
The tax return must also be filed by a natural person who reports a tax loss in a given year.
The tax return does not have to be filed by a natural person whose total of all taxable income did not exceed EUR 2.255.72 for 2021.
Taxable income does not include state benefits such as maternity, unemployment benefit, etc.
The revenue from which the tax was withholding is no longer taxed.
Don't know what expenses you can claim on that income?
Unsure if you're eligible for a tax bonus?
Are you hesitant about how to make a notification of an extension?
You do not have to look for long hours of answers on the Internet or pay fines to the tax office, we at TaxWise will be happy to answer everything and the tax return will be filled in and filed on time and in the correct amount with the tax office.
Simple procedure for drawing up and filing a tax return
- After completing the non-binding form, you will automatically receive an email with a link to the questionnaire.
- Click on the link to download the questionnaire to your computer, where you can open and fill it out. Please follow the instructions in the questionnaire to fill in. Save it and send it to us by replying to this email or as a new email to: dpfo@taxwise.sk
- If necessary, we will also contact you by phone to discuss ambiguities.
- We will then send you an exact list of the documents we need to prepare our tax return by e-mail.
- We will process the delivered documents and information and send you a calculation of your tax for approval.
- Once approved, we will file your tax return with the tax office.
- Finally, you will receive your filed tax return, confirmation of filing of your tax return and any payment instruction for payment of tax from us.
Non-binding form for drawing up income tax return 2021
Please note that the income tax return for 2021 must be submitted by the taxpayer to the tax office and at the same time the tax must be paid by 31 March 2022.
What tax-free portions of the tax base and tax bonuses can you claim in your tax return
• Non-taxable part of the tax base per taxpayer
In 2021 , the amount of the non-taxable part of the tax base per natural person is EUR 4,511.43that any taxpayer can claim if his tax base for 2021 was equal to or higher at EUR 19,936.22. If the taxpayer exceeds this amount, the non-taxable part of the tax base is reduced or the right to deduct does not arise at all.
A natural person who was a person who was a taxable person at the beginning of 2021 shall not be entitled to a non-taxable part of the taxable amount:
- old-age pension,
- early old-age pension,
- old-age pension savings,
- retirement pension,
- compensatory supplement.
• Non-taxable part of the tax base per spouse:
If in 2021 the taxpayer had a spouse who:
- cared for a child under 3 years of age or up to 6 years of age who lives with the taxpayer in the same household,
- has been registered or registered as a jobseeker,
- received or received a financial contribution for care,
- considers himself to be a citizen with disabilities,
it is entitled to claim a non-taxable part of the taxable amount also for such spouse. In 2021, the amount of the non-taxable part of the tax base per spouse is EUR 4,124.74. If the spouse had or had any income in a given year, the amount of this income is deducted from the amount of the non-taxable part of the tax base. If the spouse has fulfilled the conditions for application only for certain months, the taxpayer may claim a non-taxable part of the tax base per spouse for these months.
The spouse must live with the taxpayer in the same household.
• Non-taxable part of the tax base on DDS
If you have sent contributions to pillar III (supplementary pension savings) in 2021, you are entitled to claim a non-taxable part of the tax base up to EUR 180, which will include only the contributions of the participant (not the employer) and the management company will issue you with a confirmation of those contributions. This certificate is an annex to the tax return.
• Child tax bonus
Only a natural person whose income has reached a minimum of EUR 3,738 in 2021 can claim a child tax bonus. Only one parent can claim a tax bonus at any time. The amount of the tax bonus depends on the age of the child and in 2021 it was in the amount of 23.22 Eur to 46.44 Eur.
• Tax bonus on interest paid
A natural person who was between 18 and a maximum of 35 years old at the time of application for credit and his average monthly income for the calendar year preceding the year in which the credit agreement was concluded did not exceed:
- average monthly income in 2017 amounting to EUR 1.240.20,
- average monthly income in 2018 amounting to 1.316.90 Eur
- average monthly income in 2019 amounted to 1.419.60 Eur
- average monthly income in 2020 amounting to EUR 1.472.90
is entitled to a tax bonus on interest paid in a given year, up to a maximum of EUR 50,000. The confirmation of interest paid, subject to the conditions, is issued by the relevant bank and is annexed to the tax return.
Valid for credit agreements concluded after 31.12.2017.
