At 349 euros, the average amount of the tax refund 2024-05-12 22:18:43

Approximately 2.5% of the total number that pass through the AADE portal each year have already been submitted, as they currently number 165,268 tax returns, which have been cleared.

According to the first figures, which to a certain extent can be characterized as representative, for 77 out of 100 taxpayers no additional tax arises. Of these, 24 will receive a refund, while for the other 53 the settlement is zero.

A little more than 23 out of 100 taxpayers are required to pay additional tax.

Let’s look in detail at the conclusions drawn based on the first data of the AADE:

* 165,268 declarations have been submitted and cleared for a total of approximately 6.5 million, a rate of 2.5%.

* Of these, 52.66% or 87,030 are zero, i.e. they do not pay additional tax.

* 23.38% or 38,639 declarations are in debt with the additional tax that taxpayers are asked to pay amounting to 862 euros on average. The total amount is 33.3 million.

* 23.95% or 39,581 taxpayers will receive a refund which on average amounts to 349 euros. The total amount of the refund amounts to 13.8 million.

* 65.73% of taxpayers who do not have any pending matters with the Tax Office will immediately receive or have already received the amount of the refund, i.e. they do not owe any other amounts so that there can be a set-off. The total amount of the immediate refund amounts to 5.1 million euros.

The deadline for submitting the declarations expires on July 26 and as the Minister of National Economy and Finance Kostis Hatzidakis has stated, no extension will be given.

Possible additional tax can be paid in eight equal monthly installments. The first should be paid by July 31 and the last by February 28, 2025.

In the event that someone chooses the one-time payment of the entire amount owed, he is entitled to a 3% discount.

Every natural person is obliged to submit a tax return, as long as he has his tax residence in Greece, has reached the age of 18, regardless of whether he is a dependent member or not and obtains actual or assumed income.

There are two new elements in this year’s submission of tax returns.

1. For the first time, approximately 1 million employees and pensioners without income from other sources will not need to submit their declarations, as AADE has pre-filled them on their behalf and if they do not press the button for their final electronic submission they will AADE also does this by submitting them automatically, on the final date of the submission deadline.

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2. More than 730,000 professionals will be taxed this year with objective criteria, which will alternatively determine their taxable income in a presumptive manner.

Taxpayers should also be aware of the following:

* In the joint declarations of spouses, a separate tax assessment is carried out and two tax assessment documents are issued, one for each spouse.

* Spouses submit a separate declaration if they have declared it. Mandatory separate declarations are submitted in the cases where the married cohabitation has been interrupted at the time of submission of the declaration or one of the two spouses is in a state of bankruptcy or has been subject to judicial support.

* Declarations for taxpayers who died in 2023 are submitted for income earned in 2023 up to the date of their death, by their legal heirs by 31/12/2024.

* In the event that a minor unmarried child submits a separate tax return and at the same time acquires income of another category, such as for example income from real estate, these are indicated in the declaration of the liable parent.

* In case of late submission of a tax return, the fine of 100 – 500 euros is not imposed if the tax does not exceed 100 euros.

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