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PERSONAL TAX CHECKLIST 2021 Period 1 January 2021 to 31 December 2021 Name (Self): ___ Name (Spouse/Civil Partner): ___ UPDATED KNOW YOUR CLIENT (KYC) INFORMATION REQUIRED (N.B.) SuppliedCopy of Valid

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How to fill out personal income tax

01

Gather all necessary documents such as W-2 forms, 1099 forms, and receipts for deductions.

02

Fill out the required sections of the income tax form, including personal information, income sources, and deductions.

03

Calculate your total income and deductions to determine your taxable income.

04

Complete the rest of the form including any additional schedules or forms as needed.

05

Submit your completed tax return by the deadline, either by mail or electronically.

Who needs personal income tax?

01

Individuals who earn income from various sources such as salaries, wages, investments, or self-employment.

02

Anyone who is required by law to file a tax return, including those who meet certain income thresholds set by the government.

03

People who want to claim deductions or credits to reduce their tax liability.

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What is personal income tax?

Personal income tax is a tax levied on the income of individuals.

Who is required to file personal income tax?

Individuals who earn a certain amount of income during the year are required to file personal income tax.

How to fill out personal income tax?

Personal income tax can be filled out by using tax forms provided by the government or through online tax filing platforms.

What is the purpose of personal income tax?

The purpose of personal income tax is to generate revenue for the government to fund public services and programs.

What information must be reported on personal income tax?

Information such as income from wages, investments, and other sources, deductions, and credits must be reported on personal income tax.

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