How companies return and pay personal income tax
How companies return and pay personal income tax
If companies make payments to residents classified as class A income, they must:
- withhold (5%, 15% or 20%) and pay personal income tax (PIT) on the payments;
- declare these payments together with the PIT withheld and paid on their monthly (GPM313) and annual (GPM312) income tax returns.
If companies make payments to residents classified as class B income, they are only required to declare these payments on their annual (GPM312) tax return. If companies withhold and pay PIT on class B income (although there is no such obligation), then the payment and the PIT must be declared in the monthly (GPM313) tax return.