VMI warns 55 thousand residents: they still have to hurry to submit their income tax returns | Business

“It is not the first year in a row that we can call it exceptional, because income tax overpayments have been returned to a record number of residents – last year at the same time overpayments were returned to 613 thousand people. population, and this year even 695 thousand people received them. population.

All GPM overpayments will be transferred to those who have declared their income on time and correctly by July 31″, — says the Deputy Head of the State Tax Administration, Martynas Endrijaitis, informing that a total of 864,000 people declared income tax overpayments (358 million euros) this year. population, and 464 thousand residents declared the amount of GPM payable (350 million euros).

Traditionally, overpayments for a part of the population resulted from the use of GPM benefits. The majority of the population declared the amount to be refunded for life insurance premiums — 283 thousand. population 48.9 million euros, for studies — almost 36 thousand. population 12 million EUR, for pension funds — 60 thousand. population 6.3 million euros.

It is important to note that regarding 55 thousand Residents who were self-employed last year (with a certificate or business license) should hurry to submit their income tax returns, even if they did not receive any income. 84 percent Last year, self-employed individuals submitted their income declarations on time.

Annual property declarations of the resident (family) due to the positions held (public sector workers, politicians, etc. and their family members) regarding 85 percent submitted on time. of those who had to do it.

491,000 people submitted requests to allocate part of the paid GPM for support. population. We would like to remind you that this is not the first year, following VMI initiated the changes, the support allocated by the residents will reach the first recipients from July, and the amounts allocated by the residents will reach all the beneficiaries by November 15 of this year. If there is a need to clarify the requests, it can be done until June 30.

What is important to know in order to submit declarations and pay GPM for late residents?

If a resident has an obligation to declare income, but does not do so on time, VMI first sends reminders. Before carrying out recovery actions, VMI always informs regarding the resulting overpayment via My VMI, and for those who do not use e. services, messages are sent by classic mail. We remind you that residents can always check detailed information regarding their overpayments and underpayments by logging in to My VMI.

If a resident faces financial difficulties and does not have the opportunity to pay the full amount of the arrears, it is possible to apply to VMI and arrange the amount to be paid in parts by concluding a tax loan agreement (MPS). It should be noted that 0.01 percent is applied to those who have concluded MPS. interest. If MPS is not concluded or GPM is not paid, the unpaid amount may be deducted from the bank account in accordance with the procedure established by legislation. 0.029 percent is calculated for each day of late payment. late interest.

Administrative liability may also be applied for the late submission or non-submission of declarations or other documents, according to the provisions of legal acts.

Consultations on tax issues are provided by calling tel. [phone] or e. way through My VMI. Services and consultations in customer service departments — only with by advance reservation.