BUSINESS

Greeks reluctant to file their tax statements

PROKOPIS HATZINIKOLAOU

The Independent Authority for Public Revenue reports a slow pace in tax declaration submissions.

TAGS: Taxation

Online income tax declarations are fewer at this point compared to last year by some 300,000, according to the latest data from the Independent Authority for Public Revenue.

Taxpayers seem to be sticking to the tradition of filing their tax statements near the deadline, but this year they appear particularly inclined to delay their submission in expectation of an extension being granted to the June 30 deadline.

The data show that until Monday 2,588,596 declarations were submitted, compared to 2,861,4512 on the same day last year. Out of those processed there are 36.89 percent which entail extra tax payment (on top of the tax deducted from their incomes) amounting to 811.32 million euros.

Given the figures to date it is quite likely that the Finance Ministry will decide to extend the sate of submission, as it has done in all previous years. Despite the insistence of ministry officials that there will be no extension this year (as the ministry says every year), sources say that the process will by completed around July 20.

The first of the three income tax installments (for taxpayers due to pay more tax) will still be payable until end-July, followed by the second by end-September and the third by end-November.

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