NGOs & Public Entities > Declaration and Payment >
In this case, the non-profit organization, in the capacity of the taxpayer, shall make a self-declaration of incomes, the amount of tax liability or contributions, without waiting for the assessment, notification or request from the Tax Administration and pays the tax on the account of tax authorities.
The information provided in the annual declaration of taxable incomes, includes data for the calculation of taxable income (financial statements):
The request for information is vast and contains all information possible and necessary to make a taxpayer's tax assessment, which will serve in the calculation of taxable income for tax purposes.
The importance of the correctness in reporting
Due to the important role that the information reported has for the taxpayer, but also based on the fact that it has an impact on third parties, it is important that all the annual information must be reported correctly and on time.
Attention! Even if NGOs and public entities, in principle, they are exempted from income tax, according to the Law no. 8438, dated 28.12.1998 "On Income Tax" - as amended, Article 18, provided: