In brief
From January 1, 2021, governmental employees, individuals equated to them, and their spouses (included in the first stage of universal filing), submitted an entry declaration of assets and liabilities (Form 250.00) for the 2020 reporting period. From January 1, 2022, such individuals must submit an annual declaration of income and property (Form 270.00).
In details
On January 1, 2021, the 1st stage of the universal declaration of individuals w as introduced to alleviate the shadow economy and corruption.
Form 250.00 is a one-time form for reporting accumulated assets and liabilities as entry information into the stage-by-stage universal filing. Form 270.00 by comparison, is submitted annually. The government agency uses this as a data monitoring tool for an individual's income and property received during the reporting period.
Form 270.00 is required for reporting all income, including employee income accrued by the employer (salary), pension payments, dividends, remuneration, w innings, scholarships, etc., received by an individual during the tax period from tax agents. Income that w as subject to individual income taxation by a tax agent is reported in the form 270.00 for informational purposes only, confirming the source for future purchases.
Form 270.00 has 2 adjustment sections:
- income adjustments
- tax deductions w hich w ere not applied by the tax agent (employer)
The deadline for Form 270.00 is as follows:
- hard copy - no later than July 15 of the year follow ing the reporting
- electronically - no later than September 15 of the year follow ing the reporting
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