Taxation in the United States

The online E9 form property owners have to forward to the tax authorities is now automatically completed and submitted for taxpayers who sell or buy real estate.

With the final deadline for submission of income tax statements at 3 p.m. Thursday, tax authorities announced that additional tax payments - beyond tax withheld at source, mostly for salaried employees and pensioners - was 12.5% higher than last year.

Thursday, August 31, at 3 p.m., is the final deadline to file tax returns.

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.

Rough estimates of tax evasion put it at between €8-10 billion. But recent data show that tax compliance is increasing, which accounts for higher than expected revenue in the first seven months of the year.

Data also show that compliance is higher among businesses than among individuals.

Social security agency EFKA is allowing non-salaried professionals and businesses affected by wildfires not to pay their social security contributions for six months and no compound interest will be charged once they resume payments. 

With two weeks to go before the final extended deadline to submit income tax forms - noon on Thursday, August 31 - 5,945,364 of the about 6.5 million taxpayers, or slightly over 9 out of 10 (91.5%) have submitted their declarations so far, the Independent Public Revenue Authority (AADE) says. 

Pressure is growing on state debtors who refuse to join the debt programs of the Ministry of National Economy and Finance. From September 25, according to the timetable, the centers for certification and collection of debts (KEBEIS) will be activated. The goal is for the two debt collection centers in Athens and Thessaloniki to operate under the same rules in order to avoid past mistakes.

The Bulgarian Parliament finally approved the 2023 Budget in a meeting that started at 9 a.m. yesterday and lasted almost 21 hours.

The financial framework is calculated at a deficit of three percent - on an accrual basis, with the preservation of a large part of the originally proposed capital program.

The deadline for the filing of income tax returns for 2022 has been extended to August 31, following the passing of an amendment in parliament.

However, the payment deadline for the first tax instalment remains July 31. In effect, this means that taxpayers who submit their returns by the new deadline will have to pay two instalments in one month (those for July and August).