Annual income tax declarations for citizens – by March 15th
The tax declaration for the total annual income for citizens is to be submitted to the Republic Tax Administration by March 15, 2003. By January 20, the Statistics should establish the precise data concerning the past year’s salaries growth rate, which is, most probably, at 24-25 percent rate.
Citizens whose last year’s total annual income did not exceed 502.000 dinars were exempted from paying taxes. This year, this sum will probably be fixed at 600.000 dinars.
The tax is paid on the gross income, e.g. upon deduction of the tax on salaries and benefits, at a ten percent rate, which is the unique tax rate for all citizens.