Personal Income Tax Return

Personal income tax return

The standard process of preparation of the personal income tax return consists of the following steps:

signing of a contract for provision of tax consulting services, setting of deadlines;
granting of a power of attorney by the Client to the tax advisor for the preparation and filing of the tax return (based on this PoA the deadline for filing of the tax return is postponed by 3 months);
handing over of the accounting evidence – the accounting records, tax evidence, individual receipts/invoices/etc. (in case the Client is not obliged to keep accounting records), tax returns for the previous periods, certificates and documents proving the entitlement to various tax allowances, relieves etc. You will find the list of documents necessary for the preparation of personal income tax return here.
preparation of the tax return, its presentation to the Client, approval by the Client, subsequent filing to the relevant Tax Office.

The process of preparation of the personal income tax return usual takes not more than 2 weeks, depending on the extent of the Clients business activities and, also, on the quality of the accounting records.