Answering the questions: "PIT - what is it? To whom does it apply?", The following can be noted.
Tax residents are all
individuals who have been in the country for more than six months. It is for such a category of citizens that the beginning of the new year is not only fun holidays, but also the period when it is necessary to summarize the past. It is necessary to calculate all the income received over the past time and reflect them in the declaration. Many entrepreneurs, asking what personal income tax is, cannot figure out what type of document they need to fill out.
What type of declaration should be filled out for individuals
Currently, citizens engaged in certain entrepreneurial activities in our country are required to submit Form 3-NDFL in accordance with the law. This requirement is relevant for most residents of the Russian Federation who have received any income. This also applies to individuals who receive cash compensation at the place of work, including additional sources of financing.
What data should the 3-NDFL declaration contain
The person asking, “PIT - what is it?” Obviously does not know what information should be indicated on the form when this document is submitted. Such data can now be found on some online resources that tell you exactly how to fill out a particular declaration. Each citizen should remember that it is mandatory to fill out 3-NDFL correctly. For this, it is necessary to indicate the amount of income received during the activity. Then you will need to calculate the amount of tax that should be paid for the reporting year in the city or regional budget. Also, a citizen should pay attention to the figures that the state is obliged to reimburse to the entrepreneur.
How to reduce your taxable annual income
You can get full information about all reports (including: PIT - what is it) if necessary in the tax authorities themselves. They will advise the citizen on how to fill out a specific declaration correctly, indicate the main types of payments, and also explain the possibility of using legal deductions, which, in fact, will help reduce the citizen's taxable annual income. Specialists will recall that lawmakers have specified strict time frames within which to file a tax return in the form of 3-personal income tax.
To the taxpayer to the question: "PIT - what is it?", You can answer so that this is the main document for reporting income for a certain period. The declaration should be completed in full accordance with the existing requirements that are prescribed in the legislation. For example, in order for the document to be verified and accepted, the relevant columns indicate the exact data about the taxpayer himself, that is, his full
name , address of permanent residence, TIN, as well as
passport data. Correctly calculated amounts in the declaration should be indicated in the appropriate columns. If everything is done according to the model, the tax inspectorate should not have any questions, and the taxpayer can work calmly without fear of any penalties and subpoena.