The decision was published in the Official Gazette with the type and content of the “Statement of Financial Data from Business Activity”, also known as form E3, which will be declared this year to the Tax Office.
The new E3 form in its entirety consists of 20 pages and includes changes in the way of declaring income from business activity to the Tax Office.
Thus, the decision provides:
- The statement of financial data from business activity is submitted together with the due and overdue initial and amending declarations with the forms “E1” (Income Tax Declaration of natural persons) and “N” (Income Tax Declaration of legal persons and legal entities) compulsorily using the electronic method communication or in handwritten form to the department responsible for receiving the statement as the case may be.
- From this year, in the statement of financial data from business activity for fiscal year 2023 (E3 form), the Independent Public Revenue Authority (AADE) pre-populates categories of income and expenses with amounts in the relevant codes of the respective tables based on the data transmitted to the digital platform myDATA of the AADE and their characterization, in accordance with the decisions in force at any given time.
- Since the relevant expenses have not previously been characterized in the myDATA digital platform, all expenses are pre-filled in code 585 (“Miscellaneous Operating Expenses”) of the “Total” column, in option 016 of the relevant Subtable.
- As underlined in the decision, the correct and accurate completion of Form E3 constitutes the obligation and responsibility of the taxpayer. The pre-completion of the codes of Form E3 is intended to facilitate the taxpayer and is not binding for him. The pre-filled amounts in the codes of the E3 form can be modified by the taxpayer.
- In the cases of spouses and natural persons who have entered into a cohabitation agreement and submit a joint declaration for their incomes, the E3 form is submitted for each of the spouses/parties of the cohabitation agreement where this is required for their individual incomes.
- In case of cessation of operations and commencement within the same tax year, one (1) statement of financial data from business activity for the entire tax year shall be submitted.
- It is not foreseen to submit the E3 form with a reservation, since the reservation concerns only the content of the income tax return (E1 or N form, as the case may be).
- The statement of financial data from business activity is submitted once for the entire business, regardless of the number of branches and branches.
- The person liable to submit a statement of financial data from a business activity completes the tables that concern him.
- Any change that occurred in the state of the business during the tax year cannot be declared on the E3 form if it has not previously been declared to the Registry Department of the service responsible for receiving the declaration.
- In the case of natural persons, the statement of financial data from business activity is submitted by those acquiring income from business activity for the purposes of accounting determination of the result, regardless of the obligation to keep appropriate accounting records (books and data), in accordance with the accounting standards provided for in Greek legislation.
- Individual ship-owning companies that have an obligation to submit an income tax return (E1 form) and are taxed according to the provisions of Law 27/1975 and Article 57 of Law 4646/2019 submit the E3 form registering their income and, where appropriate, their expenses with corresponding nullification of the result from this activity through tax reform, as long as they are taxed according to the above provisions.
- For non-profit legal entities, the E3 form is submitted when they obtain income from business transactions, while in the case that they have income only from capital and capital transfer capital gains, as well as when they obtain non-taxable income, they submit the E3 form without indicating amounts.
Shipping companies of any legal form that have an obligation to submit an income tax return (form N) and that are taxed according to the provisions of Law 27/1975 and Article 57 of Law 4646/2019, submit the E3 form, registering the income and the case their expenses. For the offices of foreign shipping companies established in Greece based on the provisions of Article 25 of Law 27/1975, as well as for domestic companies subject to the same provisions, form E3 is submitted only when they acquire taxable income based on the provisions of Law 4172/2013.14. The submission of an overdue amending statement to complete or change purely informational data in the statement of financial data from a business activity, i.e. data that do not affect the tax result of the business, does not attract the prescribed penalties of the KFD.
Instant update with all the news now and via WhatsApp – See here
#form #declaration #income #business #activity
