Do retirees have a duty to report income?

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fully Campaign of Georgia Income 2021Many retirees wonder if they should do this Income statementEspecially those who receive a retirement pension. Legally, all persons receiving personal income taxable income must report to the tax agency, including those receiving pension benefits.

Retirement pension is considered work income, so the IRPF should be taxed. Of course, not all people who receive a retirement pension in 2022 need to make an income statement that corresponds to the 2021 fiscal year.

Which pensioners should file an income tax return?

Considering the income received from work, all pensioners must file a declaration. However, there are a few exceptions to consider.

The Income Tax Act was enacted in 2022 That the minimum exemption from the tax return received from the payer is 22,000 euros. This group also includes pensions and passive assets received from state social protection schemes and state benefits for retirement, permanent disability, widowhood or similar.

It means that as Retirement pension Collected in the form of passive benefits, it will be mandatory to file an income tax return if the pension is more than € 22,000 per year.

Retirement exception when compiling income statements

Some pensions are exempt from receiving Income reporting for 2022. The Child pensionOn food taken by the parents by court order or Absolute permanent disability and severe disability pensions They will not need to perform these procedures.

In the case of pensions issued from abroad, they are considered as a second payer, which is also taken into account when filing.

It is also necessary to consider the return on equity of the real estate, since if it exceeds 1600 euros, it must be included in the income of 2021, a campaign that is already active on the Internet.

However, if you are retired and do not know whether to exercise or not Income statement This year you can request a meeting with an official of the tax agency from next May and find out all your doubts about your return. This way you will be confident

Source: El Diario

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