Income taxes
Discount of 3% for paying tax due in one go
Taxpayers who choose to pay the total amount of their income tax dues this year in one lump sum by July 31 will secure a 3% discount, according to the amendment the National Economy and Finance Ministry submitted in Parliament.
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Eleven codes pre-filled in tax returns
Eleven codes of the basic tax declaration form E1 will be pre-filled this year for 1 million salary workers and pensioners without income from other sources of real estate or securities, so that the declaration is ready for submission. In essence, the above will not need to fill in anything themselves unless there is a change that the tax office is not aware of.
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Tax registration numbers for minors
The Independent Authority for Public Revenue is proceeding with the automatic issuance of Tax Registration Numbers (AFM) to dependent children over the age of 12, while in a second phase AFMs will be granted to all minors from the age of 12 months (as they will have to be declared by the parents in the tax return).
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Non-filing taxpayers to be targeted
Once all income tax declarations are in, by August 31 at the latest, authorities will focus on those taxpayers who have not filed returns over the past five years.
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Doesn’t Greece have rich people?
Greece has extremely few rich people - if the official declarations of income and property are anything to go by.
The numbers from the tax declarations highlight several Greek "peculiarities": On paper, Greece has hardly got any rich individuals. Only 27,000 taxpayers declare an individual income of more than 100,000 euros, while four out of 10 appear to live on €5,000 a year.
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Platform for income tax declarations has opened
The platform for submitting the 2023 income tax forms has opened, the Independent Authority for Public Revenue (AADE) said on Friday.
The deadline for filing Greek income (for the 2022 calendar year) is June 30. For those owing tax, the first installment will be due at the end of July 2023 and the last on February 29, 2024 (eight installments).
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MEPs taxed like any citizen
A 3% discount on the total amount of income tax will once again be available this year to taxpayers who pay it all at once by July 31, according to an amendment to the omnibus bill of the Ministry of Finance.
It is noted that the platform for submitting tax declarations is expected to open on March 30 this year, while the deadline for submitting income tax returns will be June 30.
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Taxpayers to get deadline extension
Two weeks before the deadline for the submission of income tax declarations on June 30, some 4 million taxpayers have not yet uploaded their statements for last year's income, which makes a deadline extension increasingly likely.
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Bosnia’s Federation Eyes Potential Windfall From Oil Tax
The lower house of Bosnia's Federation entity parliament backed a law on hydrocarbon taxation on Wednesday evening, hoping to add 30 per cent to the current corporate income tax on oil that might be produced in future.
All taxpayers are set to see their incomes grow from the new year
The income of all taxpayers (salaried workers, pensioners, farmers and self-employed professionals) is due for a boost as of January 1, when reduced tax rates come into effect.