The Income Tax Declaration is a fundamental part of citizens’ fiscal responsibility and contributes to the proper functioning of society. Among other things, the funds collected through it finance public services that benefit the entire population and keep the state operational.
The Income Tax Declaration is important for several reasons:
In most countries, filing income tax is a legal requirement. Taxpayers are obligated to submit their declaration, whether or not they have taxable activities.
Taxes collected through tax declarations are used to fund essential public services such as health, education, infrastructure, among many others.
Filing an income tax return provides an official record of all your earnings, which can be very useful when applying for loans, buying properties, or obtaining government assistance or subsidies.
By filing an income tax return, you may enjoy benefits such as deductions and credits that can reduce your tax burden and save you money.
Keeping your income tax declaration in order and accurate helps you calculate how much tax you owe on income, capital gains, and other assets.
Issuing an income tax declaration can be overwhelming and complicated for someone unfamiliar with the topic. This emphasizes the importance of relying on tax attorneys for this task. A tax attorney provides legal and tax advice on how to maximize benefits and fulfill tax obligations efficiently.
Did you know that at PEREZ & ANTEBI, we offer tax advisory services for corporations and individuals? Our focus is clear: to reduce your taxes and ensure responsible taxation.
Remember that the Income Tax Declaration for legal entities must be submitted no later than March 31 following the end of their fiscal year. Contact us as soon as possible, and we will advise you in the best way possible!
