Taxpayers whose deductible personal expenses exceeded 50% of the basic deductible fraction of the income tax (IR) of natural persons must present the Annex of Personal Expenses for the year 2021 this February.
East Annex or itemization of those expenses of the previous fiscal year must be prepared in online through the website of the Internal Revenue Service (SRI)in the option Annexes / Annex of personal expenses online / Annex generation.
The schedule that must be met, based on the ninth digit of the taxpayer’s ID or RUC, is as follows:
Personal expenses must be supported by duly authorized and current sales receipts; the value that will be used as deductible is the subtotal, that is, the amount without value added tax (VAT) or special consumption tax (ICE).
Said receipts may be in the name of the taxpayer or his dependents.
To fill out this annex online, you will need your identity card number or RUC and a password that will be provided by the tax administration to people who do not yet have it.
The requirements are: originals of the citizenship card or passport, and of the voting ballot of the holder; and delivery of the signed agreement of responsibility and use of electronic means, a document that will be delivered to one of the SRI offices.
For those who do not remember it, they must request the recovery of that password, after writing their email address that they registered in the SRI, or through the questionnaire of questions for password recovery, if the taxpayers ever filled it out.
Preparing this annex online means that if you start to fill it out on a certain day, that information will be saved in the tax administration system and they will be able to return to it or continue with what is missing to complete it in later days, without exceeding the deadline that each taxpayer has. .
Who should prepare the annex?
- The employees of continental Ecuador who projected expenses from $5,606 to the top of $14,575.60. In the case of natural persons residing in Galapagos, the maximum value to be deducted for the year 2021 is $26,280.93.
- Those who have calculated expenses for less than $5,606, but who actually register payments or consumptions greater than that figure and wish, if it is the case, that the SRI return part or all of the tax paid in excess, since the company where they work withheld a higher income tax, based on the projection of expenses that they had presented in 2021.
- Those who did not present this projection form last year, but did have expenses and want the SRI to return part or all of the tax withheld by their employer, according to the total payments and consumption that they present in this annex.
- Natural persons who have or do not have to keep accounts and who wish to benefit from the deduction of personal expenses, to pay a lower annual income tax.
- The deduction of personal expenses applies only to natural persons with net income of less than $100,000 (the net income is obtained from the difference between the total taxable income minus the total deductible expenses and discounts for the elderly or people with disabilities) .
There are sanctions for those who do not file this annex on time. (I)
Source: Eluniverso
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