National Tax Inspectorate: around 200 000 people have not yet declared their income

Despite the Friday deadline, around 200,000 people have not yet declared their income, according to Martynas Endrijaitis, deputy head of the State Tax Inspectorate (STI).

According to the representative of the State Tax Inspectorate, 918,000 residents are obliged to submit a declaration for the previous year. Of the more than a fifth who have not yet done so, the largest number are those who have individual activity or a business license. If they fail to declare their income by the deadline, interest will be charged.

„For 2023, 856,000 people were due to file their returns. For 2023. For the previous year, by 2 May, 918,000 people had to declare their income. So far, about 700,000 have done so," Endrijaitis told LRT radio on Friday.

He said that this year, people who have already submitted their declarations have indicated overpayments of 492 million euros, which will be refunded to them, and 364 million euros, which will be paid to the state account.

M. Endrijaitis also shared data on the allocation of the 1.2% personal income tax (PIT) support.

„283,000 people have already applied for a share of their GPT support this year. Last year, €43 million were distributed. However, if everyone had done so, the beneficiaries would have received an additional €37 million," said the Deputy Head of the VMI.

„It is a voluntary decision, if you don't want to – you can not give that support to anyone and the money will simply go to the state budget. The beneficiaries of your choice can be changed from year to year, or they can be set to remain the same for a 5-year period“ – 1.2% of the GDP. M. Endrijaitis explained the nuances of the allocation of the GPT.

Rūta Asadauskaitė, head of communication at the VATI, has previously told Elta that overpayments to residents are usually due to the application of a lower-than-appropriate amount of non-taxable income (NPD), as well as due to the GPT exemptions applied to life insurance, pension fund contributions, and contributions for studies.

One day before the deadline for submitting returns last year, more than 1.4 million people had done so, while the number of those who had not was similar at around 194,000.