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Less tax will be written on the tax returns of 2025 for thousands of self-employed people, workers who are paid by the block, taxpayers who renovated their house or opened and rented their closed houses and farmers with protected children.
With the arrangements that have already been activated or incorporated in the new tax bill which will be submitted to the Parliament at the beginning of December, the winners of the new tax declarations will be:
- Freelancers. The 2025 tax bill will be lighter for thousands of freelancers, self-employed people and sole traders. The corrections to the presumptive taxation regime combined with the complete abolition of the pretension fee are expected to limit or even erase the burdens caused by the increase of the minimum presumptive income from 10,920 euros in 2023 to 11,620 euros in 2024 due to the adjustment of the minimum wage and the return to 100% of advance tax. With the changes to the system of presumptions, next year professionals with headquarters and residence in settlements with a population of up to 1,500 inhabitants will benefit as the presumptive income is reduced by 50%, those who employ workers and those who have a higher average turnover. With the abolition of the pretense fee, the tax bill will be 325 euros lighter for all taxpayers.
- Workers with “block”. Those who are paid with a “block” will find in the declaration statement a tax reduction of 400 – 500 euros due to the abolition of the pretense fee.
- Taxpayers who renovated properties. A tax deduction of up to 3,200 euros will be awarded to those who renovated or repaired real estate within 2024. According to the legislation, the expenses for the purchase of goods and the receipt of services related to the energy, functional and aesthetic upgrading of buildings, reduce – equally distributed over a period of five years – the income tax of natural persons up to the corresponding tax for each year, with a maximum total spending limit of 16,000 euros. Costs for materials are taken into account up to an amount corresponding to 1/3 of the amount for service costs. This means that if someone has spent €16,000 in 2024 renovating their home, they will save a total of €16,000 in income tax, spread equally over five years (€3,200 each year), starting with the 2025 statement. until the 2029 tax return statement. For example, a taxpayer who set aside €10,000 to renovate his home and the income tax he will be required to pay with his 2025 tax return is €3,000, he will see his tax return bill reduced to €1,000 due to the €2,000 deduction ( 10,000:5=2,000) provided for its renovation costs of his property.
- Owners of vacant homes. Taxpayers who, after September 8, 2024, opened residences that had been closed for the last three years and rented them for at least three years will be exempt from tax for the rents they will have received in the last four months of 2024. It is noted that the tax exemption is valid for three years.
- Farmers with children. Professional farmers with protected children will pay a lower tax of up to 240 euros in 2025. The €1,000 increase in the tax-free limit activated from 1 January 2024 will be visible to farmers when they submit their tax return. The benefit will amount to 90 euros for each farmer with 1 dependent child and 220 euros for each farmer with 2 or 3 children. For professional farmers with 4 dependent children, the annual benefit amounts to 240 euros.
What changes in the statements
From 2025 and every year the curtain of tax returns will open on March 15 and fall on July 15.
The changes in tax declarations are accompanied by discounts for consistent taxpayers who submit their declaration on time but also with heavy “bells” for public and private sector entities that will be late in sending to AADE the data required to complete its codes basic form of the tax return.
Specifically:
- The submission of tax returns will be made from March 15 to July 15 of each year, both for natural persons and for legal entities.
- Those who pay the full amount of income tax by July 31 receive a discount of up to 4% for those who submit a return from March 15 to April 30, 3% for those who submit a return from May 1 to June 15, and 2% in the event that the declaration submitted from June 16 to July 15.
- The tax is paid in 8 equal monthly installments, the first of which is due by July 31st.
Source: ot.gr
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**How do the changes to the presumptive taxation regime and the abolition of the pretense fee impact the financial planning of freelancers and self-employed individuals?**
## Lower Taxes on the Horizon: Decoding the 2025 Tax Changes
**Introduction:**
Welcome to World Today News, where we break down complex issues and provide clarity on matters that affect your everyday life. Today, we’re tackling a topic at the forefront of many minds: taxes. 2025 brings significant changes to the tax landscape, impacting various segments of society. To help you navigate these changes, we have two esteemed guests joining us:
* **[Guest 1 Name and Credentials]:** An expert tax advisor with years of experience guiding individuals and businesses through complex tax regulations.
* **[Guest 2 Name and Credentials]:** A financial analyst specializing in personal finance and wealth management, particularly for self-employed individuals and small business owners.
**Section 1: Tax Relief for Specific Groups**
* **Host:** The article highlights several groups benefiting from these tax changes. Let’s start with freelancers and self-employed individuals. [Guest 1], can you elaborate on how the amendments to the presumptive taxation regime and the abolition of the pretense fee specifically benefit this group? What are the potential implications for their financial planning?
* **Host:** [Guest 2], many viewers might be unfamiliar with the concept of ”block” payments. Could you shed light on how these workers are affected by the change in pretense fees and what quantifiable benefits they can expect to see?
* **Host:** The article mentions a deduction for individuals who renovate their properties. [Guest 1], how does this tax break work in practice? What are the eligibility criteria, and what documents do taxpayers need to claim this deduction?
* **Host:** The new regulations also address property owners who open previously unused residences for rent. [Guest 2], what is the rationale behind incentivizing such actions? What impact could this have on the housing market and rental availability?
* **Host:** Our agricultural community also sees benefits with increased tax-free limits. [Guest 1], how will this affect farmers with dependent children? Will this motivate younger generations to pursue a career in agriculture?
**Section 2:
Understanding the New Tax Filing Landscape**
* **Host:** The article mentions significant changes to the tax filing timeline and process. [Guest 2], what are the key dates individuals and businesses need to familiarize themselves with? What are the potential consequences of missing deadlines?
* **Host:** The new system includes discounts for timely tax payments. [Guest 1], could you walk us through the tiered discount structure? What strategies can taxpayers implement to maximize these savings?
* **Host:** [Guest 2], how might these changes affect the way individuals and businesses plan their finances throughout the year? Should they adjust their budgeting and saving strategies?
**Conclusion:**
* **Host:** Thank you, [Guest 1] and [Guest 2], for providing such valuable insights on these important tax changes. We hope this discussion has helped our viewers understand the implications of these new regulations and empowered them to make informed financial decisions. For more detailed information and personalized advice, we encourage you to consult with qualified tax professionals.
