Tax form filing from March 25

Tax form filing from March 25

As of March 25 taxpayers can start submitting their tax statements and those who wish so will have the chance to gradually repay their dues despite the fact that the deadline for the payment of the first installment remains July 31.

State entities and business accounting offices will have until February 28 to send their salary statements; the same deadline is for banks to file the details of taxpayers’ transactions.

It is noted that once again this year the tax will be paid in eight monthly installments.

Taxpayers should remember that expenditures made with online payments (card, e-banking etc) should cover at least 30% of the taxpayer’s income with a maximum limit of 20,000 euros. Taxpayers who failed to collect the required receipts based on tax legislation will be asked to pay an extra tax equal to 22% of the missing receipts.

Taxpayers who don’t justify their presumptive expenses with their incomes will be taxed on the basis of presumptions (“tekmiria”). This will likely mean a significant addition to their dues to the taxman.

Incomes from salaries and pensions are pre-supplemented once again this year. There is no possibility of correction by taxpayers. If anyone appears to have collected earnings that have not been paid, the only solution is to contact the employer and ask them to adjust the earnings to the actual data. If they refuse, the taxpayer will have to make a statement with an asterisk (“epifylaksi”).

Furthermore, taxpayers who host a relative or friend in their residence must fill in the 007-008 spaces in the statement and write the tax registration number (AFM) of the person they are hosting, as well as the period for which they offered hospitality in 2021.

Finally, paying taxes on unearned income in 2022 puts taxpayers at risk of uncollected rents if they don’t take precautions before filing the return. Landlords who rent out properties but do not collect rent are able to avoid paying additional taxes on uncollected income. Before submitting the statement, they will have to issue an out-of-court notice to the tenant in order to avoid being taxed. 

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