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What donations do religious communities and charitable organizations have to report to the financial authorities
Since 2017, religious communities and charitable organizations have had to submit amounts donated by each taxpayer to the tax authorities by February 28 of the following year. However, this system applies only to donations of private assets.
What does funding do with donation-related data
The Finance Department takes care of the donor’s data and deposit amount and automatically includes the information in the income tax assessment.
Taxpayers must check the transmission, otherwise request for late registration
Confidence that donations have already been transferred to financial management is good, but it is well known that control is better. Monica Seewald, Tax Advisor at TPA: “Check if the corresponding amounts have been reported correctly. If not, contact the receiving organizations and request a late registration.”
How to check if a donation has been reported to the tax office
The best way to do this is to look at this item after you have submitted your income tax assessment. on me Online Finance The data can also be recalled under “Transmissions of data to tax authorities”, provided that the information is reported in a timely manner.
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In the case of tax credits for donations, there may be an automatic tax adjustment
If the tax credit results from donations and church contributions, this may result in an automatic employee evaluation, as has been possible since the submission of the new, application-free employee evaluation the previous year.
Basic requirements for employee tax assessment without application (automatic tax equalization)
- If the employee evaluation for the previous year has not been submitted by the end of June,
- Depending on the status of the file, it can be assumed that only the income subject to wage tax was earned in the previous year,
- The assessment leads to a tax credit and
- It is clear from the filings that it cannot be assumed that income-related expenses or special expenses not covered by automatic transmission of data, unusual charges, application-related tax credits (Children Tax Credits), or deductions such as alimony tax credits, returnee or single parent tax credits will be claimed.
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