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Taxpayers shall submit GP projection this month
Posted On 14 Oct 2014
Taxpayers under dependency ratio and who have higher annual incomes to the taxable base ($ 10,410 or monthly or from $ 868 onwards) must submit the projection of personal expenses through the SRI-GP form this month, as reported by the Internal Revenue Service.
The personal Expenses form is sybmitted in January and October, making an adjustment based on the receipts obtained.
The deduction of expenses (housing, clothing, education, health and nutrition) can be up to 50% of the total taxable income, without exceeding the limit set for 2014: USD 13,533. In each category, up to USD 3383.25 can be deducted, and in health, its wholeness.