Innovations in the Income tax return
Since we are in full high period fiscally speaking, can remember how we are affected by the changes that have got this year in the Income tax and what must begin to do now to reduce next year the invoice with Treasury Department.
From March 1 it is possible to request the Draft of the Revenue and the Fiscal Information. It is very advisable to ask for them since this way we will have a summary prepared by Treasury Department, of all our yields (payroll, accounts, investment funds, real estate, etc.). Also, we will receive the draft already calculated at home and if we agree it is possible to confirm or to deliver for any route from April 1 or to rectify it. Also we will be able to present the traditional Income tax return, it is already prepared by a professional or by the programs of help of the Tax office.
In the declaration of this year, of 2007, little we can change now. The most important thing is not to forget to add the things that they give to us right to deduce and that might not appear in the Draft or appear incorrectly like for example the newly acquired real estate, the new-born children, the deduction by maternity, the deduction for birth or adoption or the autonomic deductions to which we have right.
For the declaration of the next year we should not forget that the best way of reducing the fiscal invoice will be reaching port to our pension plan; although the new law has changed the deductible maxima into this concept, now we can deduce ourselves for the minor of: 30 % of our revenues that do not come from the saving, or 10.000 euros like maximum limit. In case of having more than 50 years the quantities will increase to 50 % and to 12.500 euros respectively.
The new Revenue law has created a new product, PIOUS (Individual Plans of Systematical Saving). Similar to the pension plans that although it does not reduce us the income tax return of the year in which it is contributed has another advantage, if he recovers in the shape of annuity generated in at least ten years (like a pension), the obtained yield will not pay, it will be exempt.
The young people or the one who thinks of buying an apartment shortly (up to 4 years), saving housing can begin to be deduced by the contributions to the account. These products are hired traditionally at the end of year, but contributions can go being done during the whole year if it is wished.