Retirees, beware, taxes must be paid by June 30 – Pensions – True

Do retirees have to file a tax return and when are they entitled to a refund? If you work in addition to your pension or have an income that is subject to income tax, you must file a tax return and pay income tax. If you have not done so by March 31 and have requested a deferral of your tax return, you must meet the June 30 deadline. If your full-year gross earnings do not exceed half of the non-taxable part of the taxpayer’s tax base, ie EUR 2,255.72, you do not have to pay the tax. Every taxpayer, including a pensioner, is therefore obliged to file an income tax return if his total taxable income achieved in 2021 exceeded the amount of EUR 2,255.72. Total taxable income includes all income that is subject to tax and is not exempt from income tax. Beware, however, filling out a tax return can sometimes be beneficial. If, as a working pensioner, for example, your employer deducted a tax advance from your income, it is advantageous for you to file a tax return for income tax FO type A, even if the taxable income did not exceed the amount of EUR 2,255.72. You will receive a tax overpayment and the tax office will refund this overpayment on the basis of a request for a refund of the tax overpayment, which is part of the tax return. Read more Minimum pensions are valued differently than old-age pensions When filing a tax return, it is necessary to distinguish between the types of forms. A pensioner who has only achieved income from dependent activity – ie from employment on the basis of an employment contract or a performance agreement – files a tax return for personal income tax type A. If he also had other types of taxable income, such as rental income real estate or income from non-monetary winnings, or income from the sale of real estate, or income from the payment of a share certificate, files a tax return for personal income tax type B. There is also a box in the tax return stating the amount of the annual pension. However, its amount is stated only by the pensioner whose pension is low, and therefore he is entitled to at least part of the non-taxable minimum. If someone asks for a refund of the overpayment that they have incurred because their earnings were less than half of the non-taxable minimum, they do not have to state the amount of the pension. Read more Higher pensions? Also due to work in addition to retirement The total taxable income includes all income that is subject to tax and is not exempt from income tax. Pension benefits and benefits of the same kind paid from compulsory foreign insurance are exempt from income tax. These include old-age, early, invalid, widow’s and widower’s, orphan’s and retirement pensions. The right to claim the non-taxable part of the tax base will also help to reduce the amount of taxes. Can a pensioner do the same? The recipient of a pension, if he was the recipient of this pension on 1 January 2021, is entitled to claim the non-taxable part of the tax base only if the annual amount of the paid pension in 2021 in total does not exceed the amount of 4,511.43 euros. Then the non-taxable part of the taxpayer’s tax base represents the difference between the amount of EUR 4 511.43 and the amount of the pension paid.