At the time of submitting the tax returns, whether for legal persons or individuals, model 22 and model 3 respectively, the amounts to be paid to or received from the State are calculated.
However, there may be no obligation to pay the respective tax or for the state to reimburse it, as there are minimum limits above which exemption can be applied.
As far as corporate income tax is concerned, companies are exempt from paying corporate income tax and the state, in turn, is exempt from reimbursing it if the amount assessed is less than €25.
As far as personal income tax is concerned, the exemption applies when the amount to be paid is less than €25 or the amount to be refunded is less than €10.
