Tax calendar: These are the deadlines to submit an annex of personal expenses to the SRI

In this month of February, all workers in a dependency relationship must present the personal expenses annex to the Internal Revenue Service (SRI) if they applied to the income tax reduction through the projection of personal expenses.

This is the first time that all those who made use of the reduction must present this annex, since before only those who did not project so many personal expenses had the obligation to do so, since the norm established that the annex should be presented only when the expenses projected by the worker exceeded 50% of the deducted basic fraction (this was less than $5,600). But now -due to the tax reform that has been in force since 2022- the regulation to the Internal Tax Regime Law indicates that “in order to carry out the reduction, the taxpayer must submit the annex of personal expenses”.

All workers who used income tax reduction in 2022 must submit a personal expenses annex in February

To present this annex -which implies supporting personal expenses with invoices- every year a calendar is applied according to the ninth digit of the taxpayer’s identity card or RUC. Every two days is the term to one digit but if the assigned day falls on a holiday or weekend, it is transferred to the next business day.

The SRI in one of the trainings it carried out on the personal expenses annex presented the deadlines to present it:

• If the ninth digit of the RUC or ID is 1, the maximum delivery date is February 10.
• If the ninth digit is 2, the maximum date is February 12, but since it falls on Sunday, it runs to Monday, February 13.
• If the ninth digit is 3, the maximum date is February 14.
• If the ninth digit is 4, the maximum date is February 16.
• If the ninth digit is 5, the maximum date is February 18, but since it falls on a Sunday and the carnival holiday begins, it runs to Wednesday, February 22.
• If the ninth digit is 6, the maximum date is February 20, but since it is a holiday, it runs to Wednesday, February 22.
• If the ninth digit is 7, the maximum date is February 22.
• If the ninth digit is 8, the maximum date is February 24.
• If the ninth digit is 9, the maximum date is February 26, but since it falls on Sunday, it runs to Monday, February 27.
• If the ninth digit is 0, the maximum date is February 28.

The SRI in the tax calendar link on its portal also indicates that “when a due date coincides with weekends or national or local holidays, it will be moved to the next business day, in the event that this new due date is moved to the following month, the expiration date will correspond to the last business day of the expiration month.

Limit of personal expenses will be $5,344.08 to apply to a reduction in income tax

The entity has published the information related to the presentation of the personal expenses annex in a tutorial that it maintains on its YouTube channel SRI Ecuador. In this link Fiscal Year 2022 Personal Expenses Annex – YouTube is this training for taxpayers who need it.

The income tax cycle has three parts: the first was in January 2022 when the presentation of personal expenses was made, calculating how much was going to be spent during that year. Now we are in the second part: in February 2023 the annex of those expenses must be presented, in March it will be time to make the declaration, all this corresponds to the 2022 financial year. The projection of expenses that was recently presented (last January) It is by 2023 that it should be supported next year. (YO)