For tax returns for which the platform opens today spoke the Deputy Minister of Finance Haris Theocharis, speaking to ERT, mentioning among other things “What we are doing this year, which I believe is a very positive gesture, is that we extend a hand of confidence to accountants and taxpayers who do their own returns.
In other words, we say that precisely because, customarily because it does not exist in the law, we open every year around March 31, but this year, because we had to legislate the automatic submission of returns on behalf of the taxpayer, an important innovation, and it took a few days, it was voted last year week, it got a gazette on Monday and therefore the AADE had to wait for this vote to make the adjustments. These days we took in April, we give them in advance in July. So the deadline that was for June 30 will go to 25-26, as many days as we have since April.
»And in this way we say that we recognize our own obligations. We give these days and on the other hand we expect the responsibility of the accountants and taxpayers to be recognized and to complete this process within the times we give, because there will be no further extension. So it will take until July 25, the last day, and until July 31 to pay the first installment and for 8 installments until February.”
The new codes on tax returns
At the same time, the decision was published in the Government Gazette with the changes to basic form E1 of the tax return for freelancers and self-employed persons. We remind you that this year, approximately 730,000 freelancers will be taxed under the new objective taxation system, which imposes a floor ceiling on their earnings.
The critical codes for freelancers are the 405-406, as they will be pre-populated by the Independent Public Revenue Authority (AADE) with the minimum net assumed income.
The final amount will be based on years of business, payroll costs and turnover, and taxpayers will not be able to intervene to change it. Freelancers who dispute the presumptive amount will have the codes available 443-444 of the basic form E1.
The new codes that were added to the E1 form and that professionals should pay attention to are, according to the AADE decision, the following:
1. Codes 045-046: They concern those who are exempt from the minimum net income or are entitled to a proportional reduction of the presumptive income in the case of exercising an activity for a limited period of time based on legislative or regulatory regulation (e.g. school canteens). In the sub-table of this code, the taxpayer can choose:
- Exception for insurance intermediaries.
- Exception for coffee shops in settlements of less than 500 inhabitants.
- Doing business for a limited period of time.
2. Codes 047-048: They concern those entitled to a 50% discount on the minimum assumed income. In the sub-table of these codes, the taxpayer can choose one or more of the following indications:
- Do you have the status of a large parent or an orphan?
- Are you the parent of a single-parent family with minor children?
- Are you a taxi operator with an ownership percentage of less than or equal to 25%?
- Do you have a place of business and main residence in a settlement with a population of less than 500 inhabitants or on islands with a population of less than 3,100 inhabitants?
As mentioned in the decision of the AADE for the exemption or reduction by 50% of the presumption, the taxpayers should have the required supporting documents, while in the cases where an audit is required, the clearing of the specific declarations after the audit of the supporting documents, will be completed in the responsible for the receipt of the service statement.
3. Codes 405-406: In these codes, professionals will see the minimum presumptive income prefilled. By clicking on the code, a table will appear in which the calculations of the Tax Administration regarding the determination of the minimum amount of net income will be displayed in detail.
4. Codes 443-444: They should be completed by those who dispute the assumed income and will request an audit to prove the accuracy of their declaration of less than the assumed income. The taxpayer is obliged, no later than 60 days after the end of the deadline for submitting the income tax return, to fill in a questionnaire on the AADE platform and to declare detailed information on the property profile and living conditions of both himself and his/her spouse and protected children.
5. Codes 445-446: The tax-exempt income from business activity is pre-filled by the Tax Administration in the case of determining a minimum net income (e.g. taxpayers who have transferred their tax residence to Greece and are paid with a pad).
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