In 8 instalments the payment of income tax – Who will receive a 3% discount

The possibility of paying the natural and legal persons tax year 2023 to 8 , promotes the financial staff by a proposed provision in the Tax Procedure Code. Thus, taxpayers will be able to repay income tax in 8 equal monthly instalments of which the first is paid by 31 July 2024 and each of the following up to the last working day of the next 7 months. The provision also provides that if the final deadline for submission of the declaration is extended to a date later than the final date for payment of the first instalment, the first 2 instalments shall be paid until the final date of the second instalment. The payment of the income tax of natural persons participating in legal persons and legal entities holding simple books will be made in 6 equal monthly instalments, the first being paid by 30 September 2024 and each of the following up to the last working day of the next 5 months. Finally, the provision provides… ‘bonus’ for payers, as those natural persons who pay a lump sum by the end of the first instalment of the income tax for 2023 will be provided with the total amount of the tax and its debts, a 3% discount.