Filenews 28 December 2023
When and how the revision of the Temporary Taxation takes place with examples from the Tax Department.
Specifically, with a circular of the Tax Department, it informs about all useful information regarding the revision of the Temporary Taxation.
When is there a revision of Temporary Taxation?
Tax Review can be done until 31/12 of the current year
How is the revision of Temporary Taxation carried out?
Through the Tax Portal (Debt Registration Provisional Taxation 0200 Income Tax (Natural and Legal Persons)
How is the revision of the Temporary Taxation carried out?
▪ Enter in the field "Final Taxable Income", the Revised Taxable Income of the whole year
▪ Enter in the field "Tax Payable" ONLY the amount of the tax increase or decrease due to revision
Examples of Temporary Tax Revision
1. Increase in income and tax payable
Home Taxation:
Final Taxable Income €1000, Tax payable €125.
Tax Review:
Final Taxable Income €1200, Tax payable €150.
Registration of Revised Taxation
Final taxable income 1200, Tax payable: 25
2. Reduction of income and tax payable
Home Taxation:
Final Taxable Income €1000, Tax payable €125.
Tax Review:
Final Taxable Income € 750, Tax payable: €93,75
Registration of Revised Taxation
Final taxable income 750. Tax payable: €31.25
