ALL private individuals whose taxable income for 2010 exceeded €2,012.85 are obliged to submit a tax return and pay any income taxes due by March 31. The non-taxable income of private individuals is €4,025.70 providing their tax base is equal or below €15,387.12. Private as well as legal entities can postpone submitting their tax return, as well as paying any income tax due, by up to three months. They need only announce such a postponement to their respective tax office. The income tax for both private individuals and corporate entities is 19 percent.
28. Feb 2011 at 0:00 | Compiled by Spectator staff