Tax Return Time: Automatic Filing and New Presumptions – Everything we need to know

“Destiny escapes the impossible” and that’s how Taxis opens its online portals from today to accept approximately 6.6 million tax returns.

If nothing else, it is original that with… “good morning” the extension of the legal deadline has been announced, as the demanding technical planning for the reception of the statements by the professionals, “pushed” the premiere until today. According to AADE, this extension until the end of July – probably until July 26 – will be the first and last, however this remains to be proven in practice.

And this year the income tax will be paid in 8 monthly installments, while a 3% discount is provided for a one-time payment. The interesting thing is that, after a relevant legislative provision, even if the submission of the declarations is extended in August, thus giving the possibility to pay the first two installments together, the 3% discount is not lost for those who choose to pay the entire tax.

Among the innovations of this year’s procedure is undoubtedly the special treatment in the returns of about 1 million taxpayers with incomes only from wages and pensions. In these declarations, the “boxes” with the previous year’s income will not just be pre-filled, but when the deadline arrives, Taxis itself will submit them itself, if the taxpayers neglect to do so, retaining the right of amending declarations.

The professionals

The lights fatally fall on the freelancers, who are waiting to see exactly what the AADE account brings out, with the application of the new presumptive income (minimum net income of 10,920 euros with an increase due to seniority and due to employees).

According to the calculations of the Ministry of Taxation, approximately 470,000 of the self-employed will pay an additional tax of around 1,440 euros on average, another 124,000 will pay the same as last year and 138,000 will pay less (560 euros p.o.) due to the reduction of the Fee Pretense by 50%. In particular, the Professional Fee is set at 325 euros for professionals and self-employed persons and at 300 euros for each branch.

The… account will be reflected in the new codes 405-406, where the minimum amount of net income from the exercise of business activity has been pre-filled by AADE. In the development of the relevant internal sub-table one can see in detail the calculations, in terms of determining the minimum amount of net income.

In the same Table 4C2 there are also special “boxes” for the… courageous, who will try to avoid the presumptive income, asking for an audit. In particular, as the new Decision on the content of E1 stipulates, in the case of disputing the minimum amount of net income, the taxpayer has the possibility to request an audit to prove the accuracy of his declaration for income less than the presumptive one, choosing the new codes 443-444.

After the settlement statement is issued based on the presumed income, the… courageous taxpayer must within 60 days fill in a questionnaire about his financial situation, essentially accepting a sweeping, family “where do you belong”, with the opening of bank accounts, cross-checks, comparisons etc., hoping that it will come out “clean”.

Of particular interest is a special circular, according to which sole proprietorships are not exempt from imputed income even in the event of a loss declaration.

For example, a sole proprietorship shows losses for the tax years 2021 and 2022, while for the tax year 2023 profits from business activity as follows:

Suppose that in the tax year 2023, the minimum annual deemed income is determined to be €25,000, which exceeds the declared profits (€20,000) and therefore the tax is determined on this deemed income. The loss carried forward from previous years (23,000 euros) is set off against the declared profits (20,000 euros) and the remaining loss amount of 3,000 euros is carried over to the next 5 years.

See this year’s E1 and the special table for the presumption of professionals