Annual Tax Settlement for the Year 2024

Annual Tax Settlement for the Year 2024

The 2024 annual tax settlement, which is carried out in 2025, is a process by which employers help employees settle their tax obligations. This procedure allows employees who had income only from employment in 2024 to avoid filing a tax return if they ask their employer to carry out an annual tax settlement.

Employee Responsibilities:

  • Application submission: The employee must submit an application for the annual settlement of tax advances to their employer no later than February 17, 2025 .
  • Attachments to the application: All relevant documents must be attached to the application, such as certificates of taxable income from previous employers if the employee changed jobs during the year.
  • Remittance of a share of the tax paid: If an employee is interested in remitting 2% or 3% of their tax paid to a selected organization, they must deliver a declaration to the tax administrator no later than April 30, 2025 .

Employer's obligations:

  • Performing the annual tax settlement: If the employer receives an application with attachments from the employee by February 17, 2025, he is obliged to perform the annual tax settlement by March 31, 2025 .
  • Taking into account non-taxable parts and tax bonuses: When calculating, the employer must take into account all non-taxable parts of the tax base and tax bonuses to which the employee is entitled.
  • Issuance of documents: The document on the annual settlement must be delivered to the employee no later than April 30, 2025. If the employee has requested a transfer of the share of the tax paid, the employer is obliged to issue and deliver a confirmation of tax payment no later than April 15, 2025.

Important Deadlines:

  • Until February 5, 2025: An employee may request an employer to issue a certificate of taxable income for 2024 if they do not request an annual tax settlement.
  • Until February 10, 2025: The employer is obliged to issue a certificate of taxable income if the employee requested it by February 5, 2025 .
  • Until February 17, 2025: Deadline for submitting an application for the annual tax settlement for 2024, including attachments.