Fit declaration – tax overpayment or underpayment
When all documents have been submitted, there is a waiting phase. It is known that those taxpayers who will receive a refund from the tax office are most eagerly awaiting. Those who have to give her some sums of money would most likely leave this thought at all, especially if larger amounts are involved. What to do if we cannot afford to pay back such a liability once? Spread them on installments? Or maybe taking a Fit Loan will be a good choice? Let’s check which solution is better.
Fit Loan – how does it work?
Mortgage or car loan, cash loan or payday loan for current expenses. All these uses of banking and non-banking products are widely known and do not surprise anyone. Let’s admit it – have you ever thought that taking a Fit Loan is possible? Probably not. Such a solution probably came to mind only to those whom the Tax Office informed about the debt owed to him and the need to pay tax. In this situation, it is important to file a tax declaration in time, and even earlier. Why? It is also until the end of April that we have time to pay the required amount to the tax office. So the sooner we find out what its amount is, the more time we will have to raise (or borrow) the necessary funds.
The concept of large or low amounts is very subjective, so it is difficult to cite a specific example here, but it can be assumed that a liability of several thousand zlotys requires some financial stocks. And if not stocks then even creditworthiness to get them. When to expect information on underpayment? The subject does not apply to taxpayers achieving low income and not exceeding higher tax thresholds.
What is the obligation to pay Fit tax?
The obligation to pay additional tax occurs when advance payments collected for income tax included a lower threshold than they should have. In practice, it looks like that if we (or our employer) paid taxes at the rate of 18%, and during the year our income exceeded USD 85,528, then we ran into a higher tax beam and we must compensate for the difference between the collected advances and the actual dimension of income tax.
People who often change jobs or have several sources of income do not always have control over the final amount of their earnings, even for time reasons. Such situations are not surprising. Is it possible that there are also those taxpayers who deliberately declare that they belong to a lower tax threshold, although they know that their income exceeds it? This is also not excluded. Many entrepreneurs may assume that for the financial liquidity of their company it will be better to pay the financial difference in tax beams once than to pay higher taxes from the beginning. As long as everything goes according to the letter of the law, it is difficult to evaluate any of these strategies. What if we don’t have money to pay tax?
I don’t have money to pay tax – what should I do?
As taxpayers, we should first and foremost know our rights. Few of us are aware of the possibilities offered by the Tax Office to facilitate tax repayment on time. We can count, among others, on: distribution of tax into installments, tax arrears with default interest or only criminal interest. This is the best solution for those who do not want to borrow from anyone and do not currently have enough money to pay back. To use this solution, you will need to submit the appropriate application. We can do this stationary at the office, by registered mail or online. If we have a trusted profile or electronic signature, nothing prevents us from completing all formalities online.
When to apply for an installment tax? Immediately after obtaining information on underpayment.
In the document sent, we must include the appropriate justification for making such a request. Let us consider the consequences that the Tax Office’s decision will entail. Let’s also mention your financial situation, but let’s not forget that this information will be checked. Therefore, it’s not worth falsifying data. This situation can only bring us bigger problems.
What will we need to spread the tax in installments?
It should be obvious to every taxpayer that if we request something, our request must be supported by appropriate documentation. This will include, among others: statements confirming our income and financial situation, documents specifying the family and property situation, among others the number of dependents. If we run a business, you may need a document confirming our turnover. It is also possible to use the help of a representative to provide documents. In such a situation, it will be necessary to pay a fee of USD 17. We are exempt from payment when the power of attorney concerns a spouse, child, parent, grandfather, grandchildren or sibling. The payment should be made to the account of the office we use. However, when we use the services of a tax advisor, legal advisor or lawyer, we establish a general power of attorney and do not incur any costs. How much is waiting for a decision? The time it takes to process your application can be up to about 2 months.
Where can I get a Fit Loan online?
Whether or not we expected news of a tax underpayment, we have to pay. Theoretically, we can assume that since the taxpayer earns so much money in a year, then he should be able to afford the taxes in the treasury, but too generalized. Each of us has our own daily financial obligations. For each of us, the necessity of paying the greater amount to the tax authorities may pose some difficulties. Lack of savings and unwillingness to pay in installments means one thing – we need to look for help outside in the offer of bank loans and loan companies. It is urgent, the payment deadline is approaching, so it’s worth taking a closer look at the online loan propositions that we can arrange without leaving home. A loan at the bank in which we have a personal account is also a good idea (we have a good chance of positive consideration of the application, as the bank sees monthly inflows), but it is more time-consuming. On the other hand, we can apply for larger amounts than for payday loans.
Cheap loan company type, whether ExtraPortfel NetCredit not grant its customers loans higher than a few thousand. And just as some Bank or Providments lenders allow you to spread this amount into installments and pay back over several months, so other parabanks will ask for their money usually after a month. So let’s think if if we lack the funds to pay the tax at the Tax Office, will we find them after 30 days to pay the payday payday. It is possible that a slight delay in settling the underpayment in the tax office will ultimately cost us less than the interest that the loan company will impose on us. It really depends on the amount you have to pay. The office will not be interested in whether we take a Fit-11 loan or a Fit-36 loan. The only thing that matters is whether we fulfill our obligations to him.
Tax underpayment – how to pay?
When we have the cash we need, we can pay our debts to the Tax Office. We should remember to pay them to the facility to which we belong due to the place of residence. There are two payment methods to choose from: cash at the office or by bank transfer, selected bank. In both cases, we provide our name, address, number and the name of the tax form from which the tax to be paid.
If we exceed the set deadline or ignore the obligation to pay at all, we will face the consequences, even if we are in arrears with small amounts. Admittedly, the tax authorities can write off up to USD 58 (five times the cost of any reminders in enforcement proceedings). However, he does it extremely rarely, so there is no hope that he will forget about us in the jungle of other taxpayers. He has the right to demand his money even after a very long period of time after exceeding the payment deadline, and then he will also add tax interest to the invoice (8% per annum). In addition, it may also impose sanctions. Let’s be honest – in the Tax Office, as in nature – nothing is lost.