10.03.2021

HOW TO FILL OUT YOUR TAX RETURN

When selling items for personal use and those that are not purchased for resale, citizens do not owe tax and do not need to declare the amounts received. This was announced by the National Revenue Agency.

In cases where it is a question of regular sales of goods, which are obviously not acquired for personal use, but for the purpose of trade and profit, the citizens owe a tax, which they determine and declare in the annual tax return for the respective year.

From March 16, 2021, the Revenue Agency launches the electronic service for pre-filled tax returns for personal income taxation in the Portal for e-services. In it, citizens will be able to see the data received in the NRA from sales on the Internet with cash on delivery in 2020.

They will be obliged to assess whether the amounts indicated from online trade are from sales of personal belongings or from the sale of goods purchased or produced for the purpose of resale and commercial activity.

In case they are from the sale of goods for the purpose of trade and profit, the natural persons will have to indicate them in Appendix № 2 of the annual tax return under Art. 50 of the Personal Income Tax Act for 2020, by June 30, 2021.

The NRA clarifies that in cases where the individual receives income from other economic activity in his capacity as a farmer, freelancer or craftsmanship through sales on the Internet with cash on delivery, the amounts received are declared in Annex № 3.

In case of sale of works of art, objects for collections and antiques, which is not related to the economic activity performed by the natural person, the incomes are declared in Appendix № 5. In these cases, the term for declaring the incomes and for paying the due tax is until May 5, 2021

You can find out more information about which Internet income is taxed in the video on the NRA's YouTube channel.