By July 15th, it is essential to settle your personal income tax dues.
Pay Up Your 2024 Income Tax by July 15, Say Russian Tax Authorities!
Grab your tax papers, 'cause it's time to settle up with the government! That's right, physical persons in Russia gotta pay their income tax calculated in the tax return 3-NDFL for 2024, and guess what? You ain't gonna like the deadline: July 15.
But hey, don't panic! You can pay this bad boy off independently, without no stinkin' receipt or notice from the tax authority. You just gotta credit it to your single tax account and make sure it's done by the specified dead time. Here's the catch: while you can pay in installments, you can't dilly-dally and miss the deadline!
Now, pay attention, 'cause there are certain income sources that'll get you extra scrutiny. Here's the low-down:
- Quick Property Flips: If you sold a house, building, or land that was owned for less than five (or in certain cases, three) years, get ready for some extra paperwork.
- Handy-Dandy Gifts: If someone lavished you with a big ol' gift of immovable property, vehicles, shares, or stocks, you better report that to the tax man.
- Rentals: If you made some cash from renting out your property, that's income too!
- Lucky Streaks: If you won some serious dough from lotteries, gambling games, or bookmakers, you'll need to declare that sweet windfall between 4,000 to 15,000 rubles.
- Foreign Funds: If your money comes from foreign sources, consider that too while you're filling out your tax form.
And hey, if you're a freelancer, lawyer, or notary, don't forget to report your income for 2024 too.
Wanna make the process smoother than a well-oiled machine? Submit your declaration online using the electronic service of the FNS of Russia "Personal account for physical persons" or through the "Taxes FL" application.
For all the tea on the income declaration procedure, check out the official website of the FNS of Russia on the tax declaration campaign 2025 promotional page: https://www.nalog.gov.ru/rn66/taxation/taxes/dec/
Remember, folks, accuracy is key to avoid unpleasant surprises from the tax authority. Happy declaring!
In the light of the July 15 deadline for paying 2024 income tax, manage your personal-finance effectively to ensure timely settlement. Besides income from various sources like property flips, gifts, rentals, and winnings, consider reporting any foreign funds or income as a freelancer, lawyer, or notary to maintain accuracy in your tax declaration.
