Share your requirement with usOne of the main tax obligations of individuals is the income tax return for the taxable year 2021. According to the tax …
Individual income tax: schedular system mechanism
What is the schedular system for individuals?
The schedular system is a mechanism through which a taxable base and an income tax rate is determined for individuals, depending on the type of income received, applying to each of them a special mechanism of income purification and a different rate.
In general, it is a matter of taxing income in relation to its origin, in order to make the tax more equitable.
Each tax code must be purified in accordance with Article 26 of the Tax Statute. Thus, persons who obtained income from different activities, must declare according to the rate described in the tables of article 241.
Source: Accounting Community
SHARE:
Facebook
Twitter
LinkedIn
WhatsApp
You might also be interested
Through Legislative Decree 560 of 2020, the Ministry of Commerce adopted transitory measures regarding the insolvency regime. The aforementioned, with the purpose …
According to Resolution 000042 of 2020, those subjects indicated in article 6 of the mentioned resolution will be obliged to issue electronic …
The electronic invoicing system is a computational tool and/or IT solution through which sales transactions of goods or services are supported, complying …
