The deadline, automatic submission and faster returns

The submission of the fiscal statements income for 2023, while as has been announced, the final deadline for their submission is Friday 26 July.

In fact, AADE informs that in order to better serve taxpayers, in this year’s declarations the following new functions:

1. Automatic declaration submission for 1.3 million taxpayers

This year, for the first time, over 1.3 million taxpayersmainly employees and pensioners, will not need to submit their declaration themselves, since they will be prefilled from AADE with all the elements it has.

Taxpayers who, based on their data, have been selected for the above procedure, will receive a notification from AADE in their e-mail, in the “My Messages” box of the digital portal myAADE and to myAADEapp.

Since the taxpayers they consider the data to be accurate and there are no other data that they don’t have prefilled, they do not need to take any action to submit their declaration, as it will be finalized by AADE, through an internal procedure, on Tuesday 2/7/2024, after the end of the initial deadline for submitting the declarations. In any case, if they wish, they can submit their declaration earlier.

If the information is not accurate or information is missing, these taxpayers are required to amend and/or complete the correct information and submit their declaration, by the end of the submission deadline. Particularly:

1. until Monday 1/7/2024 they have deadline to submit an initial statement
2. from Tuesday 2/7 until Friday 26/7/2024 they can submit an amended declaration, without penalties (the initial declaration is still valid).

For their convenience, a special digital file has been created in the application of income tax returns, which includes:

• the elements that AADE has taken into account and
• the tax result, debit, nil or credit, arising based on them.

2. Additional pre-filled data

They are now showing prefilledwith the possibility of modification, on fiscal statements:

• the details of income from short-term rentals in form E2,
• the amounts of expenses with electronic means of payment (including those deducted from income or counted twice to form the required amount of expenses with electronic means of payment) in codes 049-050 of form E1.

Further in E1 has been integrated the calculation of the annual minimum income from the exercise of business activity (articles 28A to 28D CPC).

3. New Digital Files

They are offered two additional digital filesto facilitate the taxpayers:

• Summary of the Tax Assessment Act (declaration), which includes the basic information on the taxpayer’s income and the identity of the debtor for the payment of the tax or information on the tax refund. In addition, from 13/5/2024, the Tax Determination Deed and its Summary will carry a QR Code, to verify their authenticity.
• Summary of E1, including only the completed codes of the statement

In addition, the E3 redesigned for easier completion. As last year, the prefilling, with the possibility of modification, of individual codes of the form is applied, based on the data transmitted to the myDATA digital platform.

4. Taxpayer Updates

Taxpayers who:

1. have been selected for the automatic process submission of the statement from AADE, as well as
2. those who have submitted declarations before the submission deadline,

will be updated on a weekly basis (from the second 15th of May) via e-mail and in their inbox on myAADE and myAADEapp for changes to the information that the AADE has received for them from third parties (eg employers, credit institutions), so that they can check if their tax liability changes and take the necessary actions.

• Taxpayers who declare dependents (in Table 8 of the E1 form), will be immediately informed, through the application, of the dependent’s obligation to submit their declaration beforehand.

5. Mandatory declaration of IVAN for residents of Greece

To facilitate tax refunds:

• It is mandatory to register an IBAN on the myAADE digital portal for all tax residents of Greece who have not yet declared an IBAN, before submitting the tax return.
• Accordingly, the registration of IBAN becomes mandatory for foreign tax residents who have not declared an IBAN and for whom the right to a tax refund will arise from the declaration.

6. Acceleration of tax refunds and offsets

In addition, offsets and returns taxas well as the payments of the amounts, as follows:

• Income tax refunds to taxpayers who do not have tax or insurance debts or an awareness obligation, will be sent to the Bank of Greece for immediate refund on a weekly basis.
• Income tax refunds to taxpayers who do not have insurance debts or awareness obligations and have tax debts, will be centrally offset on the first and third ten days of each month, starting from 12/5/2024. Those offsets that cannot be carried out centrally, will be processed as soon as possible by the competent Services, DOU / KEBEIS.
• Income tax debts will be set off as a matter of priority with refund rights, which exist or will arise until 31/7/2024, so that in case of payment of income tax through the set-off, the 3% discount will be granted.

By decision of the Governor of AADE, Giorgos Pitsilis, the deadline for submitting the personal income tax return is postponed to July 26, 2024.