Closing the curtain on personal tax returns opened the way for corrections to self-employed and self-employed imputed income. The first scenarios for the lifting of the criteria for determining the minimum presumptive income of freelancers will be on the table of the economic staff towards the end of August.
Prime Minister Kyriakos Mitsotakis, who has left open the possibility of improvements and movements to remedy possible injustices.
Where will there be interventions?
Without overturning the basic core of the imputed system for calculating the minimum taxable income of 735,000 freelancers and self-employed persons, the interventions that will be considered concern to the turnover criterion on the basis of which the presumptive income is increased, but also in payroll cost criterion which, especially in the cases of sole proprietorships employing staff with many years of employment, significantly increases the imputed income.
also family income is likely to be factored into have improvements in procedure for challenging the minimum presumptive income and to exist “cutting” the charge which will be caused due to the adjustment of the minimum wage, which is the basis for calculating the minimum presumptive income. The increase in the minimum wage from 780 to 830 euros raises the minimum presumptive taxable income from 10,920 euros in 2023 to 11,620 euros in 2024.
According to the Deputy Minister of Finance, Christos Dimas, the changes will be legislated before the end of the year so that there will be sufficient time for AADE to adapt its systems to the new data, for the submission of next year’s tax returns. The Finance Ministry’s plan foresees the start of the tax return submission period from March 1, 2025, with a “locked” schedule with no extensions until June 30 each year.
The tax on clearances breaks the counters
With the help of changes in the way freelancers are taxed in this year’s tax returns, income taxes reach 4.6 billion euros from 3.8 billion euros last year.
From the liquidation of 6,545,434 returns that have been submitted, it appears that 35% of the returns are in debt, with taxpayers paying additional tax for 2023 incomes that reaches 2,000 euros on average.
Last year 47% of freelancers paid tax up to 1,000 euros and 27% from 1,000-3,000 euros and this year, according to the calculations of the Ministry of National Economy and Finance, 17% will pay 1,000 euros and 54% will pay from 1,000-3,000 euro. These calculations were done on paper before the submission of tax returns and now they will be calculated, based on real data.
Source: ot.gr
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