Income tax in the United States

The Independent Authority for Public Revenue (AADE) has informed taxpayers about the operation of its digital applications on Tuesday, December 31, the last day of 2024.

Specifically, the digital applications and processes of the Independent Authority for Public Revenue will operate as follows:

With less than two weeks left to close out the last tax obligations of the year, the clock is ticking down for taxpayers who need to settle their debts and avoid penalties and surcharges.

Tax authorities will be able to issue income tax assessments that will be determined based on the data available to the tax authority even one day after the deadline for submitting tax returns.

The taxes that individuals and businesses must pay during December amount to 5.5 billion euros.

The payment of income tax, Single Property Tax (ENFIA), value-added tax (VAT) and road tax are the most important obligations that taxpayers must cover by December 31.

Bulgaria's National Revenue Agency (NRA) has identified 962 individuals who earned income from creating and sharing content on an online platform known for adult content between 2018 and early 2023. These individuals failed to declare their earnings, and the NRA has issued emails instructing them to report this income within two weeks of receiving the notification.

Thousands of taxpayers will be confronted with the tax authorities in the next few days, as they will have to fulfil a series of obligations which are “running”.

There are a number of steps and options taxpayers can take starting today to reduce the cash portion of their 2025 tax return. These moves range from using electronic payments and collecting e-receipts, to spending on property renovations, activating closed properties and rational preparation for timely filing of tax returns.

As the final month of the year, December brings not only the festive season but also a series of financial obligations for Greek taxpayers. To avoid fines and penalties, it’s essential to meet the various deadlines, most of which fall on December 31, 2024. Below is a detailed guide to help you stay compliant.

Key Obligations and Deadlines

The government is proceeding with technical improvements to the tax bill, focusing on provisions related to:

The government has finalized the new rules regarding the submission of tax returns to apply as of 2025, according to the final version of the tax bill currently being debated in Parliament.