Salary, choosing to pay PIT at 23%
An employee has submitted a payroll tax book and has chosen to apply the personal income tax (PIT) rate of 23% to the calculation of wages. The State Revenue Service (SRS) has determined the non-taxable minimum. Is it possible to use the non-taxable minimum if the employee has chosen to pay the PIT rate of 23%? How should wages be calculated in such cases?
In the answer you will find out:
How to calculate the salary to be paid if the gross salary does not exceed 1,667 euros and the employee has submitted a payroll tax book to the employer, as well as noted in the SRS electronic declaration system that he wants the PIT rate of 23% to be applied.
How to calculate salary if gross salary exceeds 1667 euros.
What entries should be made when paying wages?
Full article available:
Comments