Home » Business » Tax Workplace: The wealthy and the “poor” Greeks – Actual property, deposits overseas – 2024-05-20 06:15:38

Tax Workplace: The wealthy and the “poor” Greeks – Actual property, deposits overseas – 2024-05-20 06:15:38

Over the course of a four-year interval – from 2019 to 2023 – Greeks declared to the tax workplace 239,867 extra automobiles, 39,709 privately owned predominant residences, whereas 2,142 extra folks seem with actual property and deposits overseas in comparison with 4 years in the past.

On the similar time, 7,329 fewer yacht house owners appeared on their 2023 tax returns (2022 revenue) in comparison with those that declared in 2019 (2018 revenue) that they owned a speedboat, whereas 3,128 fewer taxpayers additionally appeared as house owners of pool, inflicting many questions as to how this has occurred and whether it is actually true or if they’re simply making an attempt to keep away from the Tax Workplace’s presumptions by not declaring them.

6.56 million statements

These revealing knowledge outcome from the code-by-code evaluation of the tax returns submitted yearly by roughly 9,000,000 taxpayers (TIN holders), the place they embrace the taxpayers, their spouses and kids who’ve a tax registration quantity, submitting a complete of approx. 6,560,000 tax returns.

Alternatively, the info exhibiting that the variety of first secondary dwelling house owners has decreased by 75,338 and the variety of house owners of a single-family dwelling that meets the wants of a main dwelling has decreased by 102,447. A lower is seen within the variety of taxpayers with privately owned second secondary residences (often the nation home), whereas a major improve of 108,446 is noticed within the variety of residents who lease their predominant residence.

Belongings overseas (actual property or deposits) declared that they personal in 2023 (revenue 2022) 82,726 taxpayers, whereas 4 years in the past the corresponding quantity was 80,584 taxpayers.

The numbers

Thus, in Greece, of the 8,879,642 residents with a VAT quantity, 5,460,057 or 61.4% of the overall declare to the Tax Workplace an annual revenue of as much as 10,000 euros and on the similar time there are 5,362,233 automobiles circulating all through the territory, 4,714,567 taxpayers have first residence, of which 2,916,321 declare that it’s privately owned and 1,798,246 rented or freely given, 96,750 personal pleasure boats, whereas 18,319 declare that they dwell in a property with an outside pool and 290 with an indoor pool.

The statistics present that whole revenue declared in 2023 amounted to €91.67 billion in comparison with €84.2 billion in 2022 and €79.7 billion in 2021, with the ultimate tax burden on people after exemptions and reductions to be 10.05 billion euros, in comparison with 8.9 billion euros in 2022 and eight.2 billion euros in 2021.

In final yr’s tax declarations revenue from wages (private and non-private sector) was proven by 3,591,099 residents and the overall quantity they declared quantities to 42.02 billion euros. The typical revenue of workers primarily based on the codes routinely stuffed in by the Impartial Public Income Authority is 11,703 in opposition to 10,814 euros in 2022. It’s famous that these quantities are obtained in any case deductions besides taxes have been deducted.

Incomes

Equally essential is the variety of pensioners, as final yr the Tax Workplace recorded these receiving a predominant pension at 2,296,339, with the overall quantity they obtained (earlier than taxes) amounting to €21.41 billion or a mean of 9,324 euros in comparison with 8,615 euros in 2022. Basically, that’s to say, cumulatively, workers and pensioners declare to the Tax Workplace solely incomes derived from salaries and pensions of roughly 63.5 billion euros, i.e. 70% of the overall quantities declared by all classes of taxpayers.

Of nice curiosity are the figures declared to the Tax Workplace by self-employed professionals, farmers and revenue earners who primarily acquire lease. In line with the info of AADE, 652,820 self-employed individuals declared 47.72 billion euros as gross revenue to the Tax Workplace. Nonetheless, the earnings they confirmed and for which they’re finally taxed are virtually 9 instances decrease as they declared a complete of 5.21 billion euros to the tax authorities. If one takes into consideration that about half confirmed a loss, then the online outcome for the Tax Workplace is way decrease.

Earnings

Alternatively, 674,418 residents confirmed gross earnings from agricultural exercise of 8.30 billion euros and web earnings of only one.82 billion euros (farmers by occupation are lower than half), whereas if we take note of that 166,796 confirmed losses of 300 million . euros, the online outcome for the Tax Workplace is significantly decrease.

1,041,391 taxpayers present revenue from residential leases to the Tax Workplace, with the overall quantity they declare being 4.23 billion euros or a mean of 4,066 euros, whereas 550,118 codes are accomplished by a corresponding variety of taxpayers who seem to gather rents from outlets or places of work for a complete quantity of three.20 billion euros and 558,463 codes concern rents from plots of land or parcels of land for a complete quantity of 360 million euros.

Who “burned” the proof

In line with the AADE knowledge, in 2023 (revenue 2022) roughly 1,540,000 tax returns akin to roughly 2,000,000 residents had been caught within the lure of presumptions, who, primarily based on the revenue they declared to the Tax Workplace, can’t justify the belongings which they personal and preserve.

Included within the presumptive class are automobiles, actual property, yachts, swimming swimming pools, and even the charges mother and father pay to ship their kids to personal colleges. In whole, the Tax Workplace elevated the incomes of the particular residents by roughly 5.2 billion euros and who in fact paid further taxes for them.

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