What if the income tax return is negative?

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started today income campaign and with it deadline for filing declarationIt will last until 30 June. With the start of the campaign Rent many people have already requested to be able to prepare the draft. expression and as every year, many doubts arose. One of the most frequently asked questions when preparing lease draft that’s what each result means, so today we’re going to explain What does it mean for the expression to be negative? and all possible rrevenue results.

Negative income statement or return

One of the possible consequences of the income statement is to be negative.. That is, the result of the draft is preceded by the – sign. If the income is negative, it means that the result will be refunded, so the Treasury has to pay you back the taxes you overpaid, in encrypted form, in the amount that reflects the result.

Positive or payable income statement

on the contrary, if the result of the income statement is positivemeans you will have to pay as much as many fears hacienda the amount in question. This is because you have paid less tax than you owe because, for example, your payroll withholding is less than you should.

Income statement comes out with zero results

The result of the explanation is a third assumption, rare but not impossible. this is it The final amount is zero when drafting. The Tax Office often calls this result a “negative refund,” in which case you as a taxpayer would not have to pay the Treasury, but neither would you be refunded.

If the outline of your income does not suit you or you have any doubts, you can always call the Treasury telephone number where you can ask any questions or request assistance with the statement. you can see different

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