Tax returns: What changes in 2025 –

The new tax bill, which is expected to be put to public consultation next week before making its way to Parliament, brings tax relief for workers, professionals, property owners and lessors and changes to the process of submitting tax returns.

The list

The list of interventions includes:

1. “End” the end of pretension. The filing fee is abolished in 2025 for all natural persons (freelancers, self-employed, sole proprietorships, workers who are paid with a “block”). The annual benefit for taxpayers ranges from 325 to 500 euros. According to the government’s planning, the pretense fee will be abolished in 2027 for businesses as well.
2. Freelancers. In addition to the abolition of the pretense fee, professionals when submitting their tax returns next year will find three interventions in the system of minimum presumptive income:
   – 50% reduction in the minimum taxable income for professionals, self-employed and individual businesses operating in areas with up to 1,500 inhabitants Today the 50% discount applies to those based in villages with a population of up to 500 inhabitants.
   – Transfer to the end after counting the other criteria of the criterion for the maximum wage of an employee that increases the minimum wage. Today, the salary of the highest paid employee is taken comparatively at the beginning as the highest amount in relation to the minimum salary over three years of the obligee before counting the other criteria (increase due to payroll and turnover).
   – Increase in the average turnover of the CAD, with the result that the increase in the minimum taxable income for professionals whose turnover exceeds the average of the corresponding CAD is limited. With the current system for determining the minimum presumptive fee, in the event that the freelancer’s turnover exceeds the average annual turnover of the Activity Code (K.A.D.) of the sector to which he belongs, a 5% increase in the minimum presumptive fee is imposed on the difference.
3. Property owners. A three-year exemption from income tax will be gained by those who open closed properties or convert short-term leases into long-term ones. A basic condition is that the property is vacant as shown by E2 or is on a short-term lease for at least 3 years, its area does not exceed 120 sq.m. and be owned by natural persons and not by businesses.
4. ENFIA discount. The ENFIA discount for the year 2025 is increased to 20% from 10% for owners with homes with a total value of up to 500,000 euros who have insured their home or homes against natural disasters (earthquake, fire, flood).. For those who own insured residences with a taxable value of more than 500,000 euros, the ENFIA discount remains at 10%, but if they do not insure them against natural disasters until June 1, 2025, they will not be compensated by the state for damages caused by natural disasters.
5. Newly built properties. The suspension of VAT on real estate transfers is extended until the end of 2025.
6. Tip. A tax-free allowance of up to 300 euros per month or 3,600 euros per year is established for tips received by employees in catering businesses, providing personal care services, etc.).
7. Tax returns. From 2025 there will be a fixed timetable for the submission of tax returns for individuals and legal entities, from March 15 to July 15. In this context, every year from January 16 to the last day of February each year, all public bodies that have an obligation to post data for the completion of tax returns, after being registered in a special register, should upload the data in a timely manner and without mistakes. In case of untimely, inaccurate transmission of the above data to AADE or non-registration in the Registry, a fine of 2,500 euros is foreseen for the responsible persons. As such are considered the heads of legal entities of the State (eg EFKA, EOPYY etc.), for the State the official secretaries, for the Municipalities the general secretaries and horizontally the supervisors for the clearing of the payroll. In case of late transmission, the fine is increased by 50 euros for each day of delay. The electronic platform for the submission of tax returns must be opened by March 15, and in case of delay, a fine will be imposed on the Governor of AADE.
8. Tax deduction. A graduated discount of 2%-4% is established for a one-off payment of income tax depending on the time of submission of the tax return. In particular, those who submit a declaration from March 14 to April 30 and pay the tax in one lump sum by July 31 will have a 4% discount, for submission from May 1 to June 15 the discount is limited to 3% and for taxpayers who will submit a declaration between June 16 and July 15, the discount is 2%.
9. New parents. Income tax exemption of financial benefits from employers to a new parent for a period of up to twelve months from the birth of a child and up to the amount of 5,000 euros per year, increased by an additional 5,000 for each dependent child. The condition is that there is no reduction in the earnings of the new parent during the months he received the benefit, as well as for the immediately preceding and following six months in relation to the earnings of the last month before the benefit. A tax exemption is also provided for nursery school vouchers provided by companies to their employees.
10. Health insurance premiums. 15% health insurance premium tax exemption for children up to 18 years of age.
11. Doctors. Independent taxation at a rate of 22% of ESY emergency services.
12. Employees – employers. From January 1st, insurance contributions are reduced by one percentage point which is divided into 0.5% of employee contributions and 0.5% of employer health sector contributions.

Source: ot.gr