PROPERTY

MyProperty’s huge advantage

mypropertys-huge-advantage

Finance Ministry officials say it only takes 15 minutes to submit an online declaration of a donation or a parental gift through the myProperty platform that went live on Monday, compared to up to three separate visits to the tax office.

The launch of the platform means that taxpayers can now complete the process with just a few clicks, while the pressure on tax offices will be lessened, saving an average of 30 minutes per case.

Officials say that a taxpayer can require the attention of a tax officer for more than an hour and a half in some cases of donations or parental concessions.

In fact taxpayers sometimes have to visit the tax office two or three times, due to the fact that they are usually one or two documents short of the state’s requirements.

However, concessions can now start and finish at the office of a notary, who can take care of the transaction’s submission.

Of course not every declaration can be made online, as in a number of cases there is still the requirement for a handwritten declaration, which means the taxpayer have to pay a visit to the tax office, such as when the declarations are belated or amendments, if they come with a demand for the postponement of taxation etc.