7.2 Withholdings and payments on account of work income, economic activities, prizes and certain income imputations. Models 111 and 190
Individuals, legal entities and other entities, including Public Administrations that pay monetary or in-kind remuneration, are required to practice and deposit withholdings or deposits on account of any of the following income:
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Income from work.
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Income from economic activities.
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Profits from forestry exploitation by neighbors in public forests.
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Prizes for participation in games, raffles or random combinations.
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Income from intellectual and industrial property…
Withholdings will be entered monthly or quarterly, as appropriate, presenting form 111 .
In addition, an annual summary of the withholdings and payments on account made will be presented, form 190, in which the income exempt from withholding or payment on account must also be included.