Article 14 income tax law
Find out everything you need to know to live in another EU country, whether as an employee, student, retiree or job seeker. In particular, what rights do you have in your host country and what administrative formalities do you need to complete?
In many EU countries it is compulsory to carry your identity card or passport with you at all times. But although you may be fined or temporarily detained if you leave your documents at home, this alone is not a reason for expulsion from the country.
Income Tax Law
The Earned Income Tax Credit (EITC) helps workers and families with low to moderate incomes receive a tax credit. If you qualify, you can use the credit to reduce the taxes you owe, and perhaps increase your refund.
Military and clergy members should review our Special EITC Rules, as using this credit may affect other government benefits you receive.
If you claim this credit, your refund may be delayed. By law, we must wait until mid-February before we can issue refunds to taxpayers claiming the earned income tax credit.
The EITC Information Center has tools and information for members, community organizations, employers, government agencies, tax offices and tax preparers.
Article 41 Rent law summary
You use your home as collateral when you borrow money and “guarantee” the financing with the value of your home. This means that if you do not repay the financing, the lender can keep your home to cover the repayment of your debt.
Refinancing your home, getting a second mortgage, taking out a home equity loan or a home equity line of credit (HELOC) are common ways people use their home as collateral to obtain home equity financing. But if you can’t repay the financing, you could lose your home and the mortgage amortization you’ve accumulated. The accumulated amortization on your home mortgage is the difference between what you owe on your mortgage and how much money you could get for your home if you sold it. High interest rates, finance charges and other closing and credit costs can also greatly increase the cost of borrowing money, even if you use your home as collateral.
How foreign source income is taxed sii
Once my file has been resolved, Lanbide will send me a written notification to my home address. If I am granted the RGI, I will be informed of the amount, the arrears and the date from which I will be paid. If they do not grant me the assistance, they will explain the reasons. In all the resolutions they will inform me about the appeals I can make if I disagree, where I have to do it and what the deadlines are.
Lanbide must resolve and notify me within a maximum period of 2 months from the date the application was submitted. The right to receive this aid is generated from the day following the date of registration of the application.
Foreigners without a residence permit must pay €11 in order to open an account at a bank (a prerequisite for receiving the benefit). The payment can be made directly at the savings bank or at the foreigners’ office, and some savings banks charge 3€ for the movements of the accounts (this can be obtained free of charge through the internet or by updating the passbook).