The Ministry of Nationwide Economic system and Finance, after the few days’ extension it introduced final night time to the deadline for submitting tax returns, is anticipated to file a legislative provision. This may concern the brand new fee dates of the primary installment of earnings tax for pure and authorized individuals, which can explicitly state that the potential for a one-time fee of earnings tax with a 3% low cost is granted for pure individuals till July 31.
The brand new regulation was deemed needed as the present provision supplies that if the deadline for submitting the return is prolonged to a date later than the deadline for paying the primary installment of the tax, i.e. after July 31, the primary two installments are paid till the deadline for the second installment (till the tip of August), whereas in case of one-time fee of the tax a 3% low cost will probably be offered.
Particularly, taxpayers ought to know the next:
- Submitting tax returns. New deadline till August 2, 2024 for pure individuals and till August 9, 2024 for authorized entities.
- Cost of first installment of earnings tax. Till August 2, 2024 for pure individuals and till August 9, 2024 for authorized entities
- One-off earnings tax fee with a 3% low cost: Till July 31, 2024
Amending statements
With the extension of the deadline for the submission of tax returns introduced by the Ministry of Finance, the time for submission of the amending statements can also be prolonged.
Which means taxpayers they’ve till August 2nd to appropriate errors or to fill in gaps and omissions within the tax return they’ve submitted in an effort to change, even to deflate the tax administration’s lie.
By the AADE platform, those that have recognized errors within the declaration can submit a corrective, supplementary tax return, submitting, if required, the E2 type or the E3 type, which accompany the E1 type.
As quickly because the taxpayer chooses to submit an amended return, the information stuffed within the preliminary return (within the E1 type) and within the varieties (E2 and E3) are mechanically transferred to the brand new return to be submitted.
Which means the taxpayer doesn’t want to finish his declaration from the start, however it’s adequate solely to change the factors of the declaration he submitted initially wherein he has discovered errors or omissions.
Examples
- A taxpayer who, whereas staying at his sister’s home, incorrectly declared that he resides in a free-of-charge housing, now has the choice to delete the knowledge of the free-of-charge housing in desk 5 of the paperwork and fill within the indication “Lodging” in Desk 6 of the E1 type. Within the case of hospitality, the presumption of residence doesn’t apply.
- Taxpayer who purchased a automotive in 2023 forgot to declare within the preliminary return the quantity from the sale of the previous automotive. To restrict or nullify the presumption of acquisition of property he can appropriate the omission with the amending return by filling in code 781-782 in desk 6 of type E1.
- Taxpayer who acquired actual property in 2023 and didn’t present on the preliminary return an quantity of capital consumption (codes 787-788) to “wipe out” the presumption.
The ensuing new declaration, after the additions, deletions or corrections of knowledge will change the unique declaration. The settlement of the tax return made with the unique information will probably be canceled and a brand new settlement will probably be made with the brand new information and the tax will probably be decided primarily based on the ultimate earnings or imputed information.
Within the new settlement word that will probably be issued and posted on the taxpayer’s account on the myAADE.gr on-line portal, not solely the results of the settlement of the amending declaration but additionally the results of the settlement of the unique will probably be written.
The fines
If the amending return is submitted by the brand new deadline for submitting tax returns, then the taxpayer avoids the superb of 100, 250 or 500 euros.
It’s famous that no fines are imposed, in any case of late submission of an amended private earnings tax return, from which the extra quantity of tax ensuing to be paid in relation to the unique return is as much as 100 euros.
Supply: ot.gr
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