The hourglass empties for approximately 70,000 taxpayers who left it until the last hour to submit their tax return and also for those who want to correct errors and omissions in the return they have submitted without being threatened with fines.
The curtain for this year’s tax declarations for natural persons falls at midnight, while today also expires the deadline for paying the first installment of income tax for natural persons and for those who want to earn a 3% tax deduction with the one-time payment of the liquidation bill.
Taxpayers who miss their appointment with the Tax Office are likely to face fines ranging from 100 to 500 euros. Those who submit an initial and amending tax return after the deadline are exempt from the fine and the resulting tax does not exceed 100 euros.
A fine is also not imposed in the event that the submission of the overdue amending declaration does not result in a change in the amount of the taxable amount (e.g. an error is corrected in the taxpayer’s identity information or in the information of protected members of the taxpayer’s family).
Tax
Figures from the clearance of 6,357,967 statements show the following:
More than one in three taxpayers, or 2.2m, will pay extra tax on their 2023 incomes with the tax set to reach £4.3bn. euros against 3.8 billion euros last year. The additional revenues that were confirmed are related to the growth of the Greek economy last year and the increase in incomes, but also to the imposition of presumptive income on freelancers.
Professionals
Out of a total of 658,069 self-employed persons who had submitted a declaration until yesterday, 367,619 were caught on suspicion and of these 3,471 had expressed their intention to dispute but did not press the button to accept a check in order to finalize the dispute.
For 19.45% or for 1,236,624 declarations the result is a credit with the total amount of the tax refund amounting to 441.76 million euros or 357 euros on average.
For 45.9% or for 2,918,307 tax declarations the settlement is zero.
Overdue Amending Statement
For taxpayers who will submit late amending income tax returns with a debit statement, the following applies:
– If from the original on-time declaration the clearing statement was zero or credit and from the amending declaration an additional tax payment of up to 100 euros is incurred then no fine for late submission will be imposed.
– If a zero or credit amount of tax had resulted from the original timely declaration and an additional tax of more than 100 euros was incurred from the late amendment, then a fine is imposed:
100 euros if the taxpayer is not self-employed or an entrepreneur.
250 euros if the taxpayer is self-employed or an entrepreneur and keeps simple books
500 euros if the taxpayer is an entrepreneur or self-employed person and keeps double-entry books.
– If the overdue amending declaration results in a tax increase of more than 100 euros, then a fine is imposed:
100 euros if the taxpayer is not self-employed or an entrepreneur.
250 euros if the taxpayer is self-employed or an entrepreneur and keeps simple books
500 euros if the taxpayer is an entrepreneur or self-employed person and keeps double-entry books.
Source: ot.gr
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