The burden on businesses is reduced: declaring salary payments has become simpler

The burden on businesses is reduced: declaring salary payments has become simpler

Businesses are familiar with the TSD, i.e. the income and social tax declaration, the data for which must be submitted by the 10th day of each month. Whereas previously the data from TSD Annexes 1 and 2, managed in business software, had to be entered manually into the e-MTA e-services environment or uploaded from a file, it is now possible to submit the data directly from accounting software, receive feedback from the ETCB, correct any errors, and confirm the TSD. The necessary information is delivered directly to a business’s own working environment, and there is no longer any need to log in to e-MTA.

According to Janek Rozov, Deputy Director-General for Development at the ETCB, the agency has been working for years to simplify the tax reporting process for businesses. “We hear businesses’ concerns loud and clear: state bureaucracy and the administrative burden must be reduced. This is also one of our main objectives – to ensure that tax reporting is as convenient, automated, and hassle-free a process as possible,” said Rozov. The launch of the solution was preceded by an extensive testing period involving over 40 software providers.

The new solution brings about a fundamental change to tax reporting. Whereas businesses previously submitted tax declarations to the ETCB, they now simply transmit data to the tax authority. The ETCB generates the declaration and calculates the tax liability based on the data submitted by a business. Neither the entrepreneur nor the accountant needs to enter this data from one system to another. This reduces duplication of work and frees up time that can be spent on core business activities.