The end of June is an important date for all those who extended the deadline for filing a tax return by three months in March. However, these people did not have to get just more time, but also specific benefits. For example, they have received more time to pay contributions to the Social Insurance Agency. This was reported on Thursday by a specialist for PR and internal communication Martina Rybanská from the Slovak Chamber of Tax Advisors (SKDP).
“In general, it was worth extending the time limit for filing the tax return for 2024 was it worthwhile to do so in the regular March date, did not have to pay tax, or just wanted to get more time to meet this obligation,” The SKDP tax advisor Lucia Cvengrošová stated.
The longer period for filing the tax return could also be worthwhile to those who are obliged to pay social contributions for the first time. “The taxpayer will receive more time because he will pay for the first time to the Social Insurance Agency (SP) in October. Cvengrošová explained that a longer period is more advantageous for taxpayers to have higher contributions to the SP than they paid.
By deferring the tax return, the obligation to start paying tax advances is also pushed. The extension of the time limit will be adjusted to the advance period and the first advance will be paid by the taxpayer until the third quarter, The tax advisor approached.
However, there are also cases where the postponement of the tax return may not be advantageous. These are, for example, taxpayers who had lower income in the previous tax period and should thus pay lower levies on the basis of the filed tax return.
“Another example is the taxpayer who pays advances and his total tax should be lower than the advances paid. Thus, on the basis of the filed tax return, the tax office will return to him the overpayment in the due date, ”added Cvengrošová.
