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Post by account_disabled on Nov 22, 2023 7:21:08 GMT
Important! Social security contributions the basis of which are tax-exempt income under the youth tax relief are not deductible from income. It may happen that the payer does not separate social contributions into taxable and untaxed parts in which case the person's obligation will be to calculate them proportionally. It will be necessary to determine the share of taxable revenues in the total amount of revenues. Example Mrs. Aneta turned in May . Total revenues for the entire year amounted to of which philippines photo editor was untaxed and taxed. If the received PIT- for does not specify social contributions they should be calculated in proportion to the share of taxable revenues in the total amount of revenues which in our example gives / x . Application of tax relief for children and tax relief for young people of using the child tax relief in the case of people who are entitled to the youth tax relief you should know that such. A deduction can be used under the so-called “additional refund”. The “additional refund” limit is the sum of: Domestic or foreign social security contributions: deductible in the PIT- or PIT- return also in part of the spouse paid from the funds of the taxpayer or his or her spouse from income exempt under the relief for young people relief for return relief for families and relief for working seniors.
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