Income tax: understand your tax notice with the “white year”

Income tax: understand your tax notice with the “white year”

Since Wednesday July 24, 2018 income tax notices have been sent to taxpayers. With a good surprise to the key because of the implementation of the withholding tax.

Income tax: understand your tax notice with the"White year"

It’s good news. You are not going to pay taxes on income for the year 2018. It was planned, but it is now concrete with the sending of tax notices since Wednesday, July 24. It is the famous “white year”. A zero figure on the tax notice which may surprise taxpayers lost in this new system, since the switch to withholding tax. “I know I got a rate, but I don’t know how it works at all“, Says a taxpayer.

The last statement was nevertheless essential

In 2018, the income was exempt from tax. Last year, taxpayers paid tax on their 2017 income. Since January 1, 2019, the current year tax is deducted directly from salaries. But the last declaration was nevertheless essential in order to calculate the tax income of each household. However, some exceptional income for 2018 may be taxable.