tax administration she reported that tax refund payments will begin on Thursday. It is expected that the majority of refunds for the annual income tax calculation for 2023 will be made in a special procedure by the end of May.
According to the data of the tax administration, a total of 830,122 taxpayers were found to have a difference of overpaid tax and income tax for refund in the amount of 332.8 million euros, while 97,512 taxpayers were determined to pay income tax and income tax for a total of 35 .3 million euros.
Based on the annual income tax calculation for 2023, a total of 212,438 taxpayers – young people will have the right to a refund of overpaid income tax and income tax surcharge based on tax reduction for natural persons, of which 83,528 people up to the age of 25 in the amount of EUR 75.9 million, i.e. 128,910 young people from 26 to 30 years of life in the amount of 100.1 million euros.
The Tax Office noted that the refunds will be executed according to the order in which the decision is issued.
Also published on the website of the Tax Office calculator of an informative nature, in which it is possible to enter data on gross receipts, paid contributions, annual personal deduction, paid tax and surcharge, and receive an approximate amount of tax refund.
The amount of the tax refund depends on the amount of tax and surcharge paid, the benefits to which the taxpayer is entitled, and the years of life for young people (up to 30 years).
Caution! Tax refunds are not exempt from enforcement
It will be paid to the account, and only exceptionally in cash to taxpayers who do not have an account with a bank, i.e. if at the time of the income tax refund they do not receive receipts for which there is an obligation to pay to the account.
If taxpayers have not submitted information to the tax administration about the change in the number of the account to which they want a tax refund, the refund will be paid to the account determined on the basis of the unique register of accounts available to the tax administration.
Tax refunds are not exempt from enforcement, so they cannot be paid into a “protected” account.
The Tax Administration points out that the Ministry of Justice and Administration is responsible for issues related to exemptions or limitations from enforcement on funds prescribed by the provisions of the Enforcement Act.
The Tax Administration will deliver the temporary tax ruling to the taxpayer according to the address of residence or habitual residence from the official records at its disposal no later than June 30, 2024.
An objection can be filed against the temporary tax ruling no later than July 31 if the taxpayer believes that the information from the temporary tax ruling is incomplete or incorrect.
Exceptionally, taxpayers who receive a temporary tax ruling after June 30, can submit an objection no later than 30 days after receiving the temporary tax ruling, according to the PU.
They also point out that the Tax Administration will not refund overpaid tax if it has determined that the taxpayer has due but unpaid taxes.
Also, tax refunds will not be made to taxpayers whose payers of receipts/income are subject to tax collection procedures based on paid receipts.
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