Why should I declare my income?

Declaring your income to the Tax Office and paying the taxes that may arise will mainly help
to protect you.

You owe taxes depending on whether you are registered with the Tax Office and state your
income on your tax return or not. On the contrary, if you fail to do so, this may amount to a
tax offence and result in penalties on the taxes owed. Taxes can even be imposed 10 years
down the line.

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