Post by account_disabled on Nov 12, 2023 0:45:03 GMT -5
If there is an overpayment in the annual settlement, an application for refund of the overpayment should be sent to ZUS by June , . Before sending the application, the entrepreneur should check the bank account number to which the refund is to be transferred. ZUS will transfer the money to the entrepreneur's account by August , . The settlement of overpayments and underpayments of health insurance contributions is made after the end of the contribution year The key in our considerations will be to determine how to settle such an overpayment or underpayment under the income tax regulations.
Overpayment or underpayment of health insurance premium – income tax settlement Due to the fact that the annual settlement philippines photo editor of the health insurance premium takes place for the first time, doubts arise as to when and on what terms the overpayment or underpayment of this contribution should be settled. One may have doubts whether, if this concerns the annual settlement, there should be a corrected return in which these amounts could be appropriately indicated? Until the end of , entrepreneurs could also have their health contributions refunded, but then they were previously deducted from income tax and had to be added to the tax at the time of refund.
However, one rule seems to remain unchanged, namely the period in which this should be done. Starting from , entrepreneurs can deduct health insurance contributions: on income - by those who chose flat taxation up to the limit of , for , while in it is , , on income - by those who chose a flat-rate income tax in the amount of of the health insurance premium paid In both cases, if deductions were made from income, revenue, tax base and then the entrepreneur received a refund of the deducted amounts in whole or in part , then in the tax return submitted for the tax year in which he received this refund.
Overpayment or underpayment of health insurance premium – income tax settlement Due to the fact that the annual settlement philippines photo editor of the health insurance premium takes place for the first time, doubts arise as to when and on what terms the overpayment or underpayment of this contribution should be settled. One may have doubts whether, if this concerns the annual settlement, there should be a corrected return in which these amounts could be appropriately indicated? Until the end of , entrepreneurs could also have their health contributions refunded, but then they were previously deducted from income tax and had to be added to the tax at the time of refund.
However, one rule seems to remain unchanged, namely the period in which this should be done. Starting from , entrepreneurs can deduct health insurance contributions: on income - by those who chose flat taxation up to the limit of , for , while in it is , , on income - by those who chose a flat-rate income tax in the amount of of the health insurance premium paid In both cases, if deductions were made from income, revenue, tax base and then the entrepreneur received a refund of the deducted amounts in whole or in part , then in the tax return submitted for the tax year in which he received this refund.