Tax declarations 2024: End of the “headache” for 1 million employees and pensioners – AADE’s plan | Economy: Financial News and News – 2024-03-04 08:12:46

Tax declarations 2024: End of the “headache” for 1 million employees and pensioners – AADE’s plan |  Economy: Financial News and News
 – 2024-03-04 08:12:46

One million taxpayers will not even need to fill out a tax return this year… She will do it for them Independent Public Revenue Authority !

H AADE is already in advanced discussions with the Ministry of Finance so that taxpayers who in 2023 had incomes only from wages and pensions and any change in their family or property situation, to see pre-filled their tax return based of course on the data available to AADE.

Presenting the AADE action plan for 2024 head of the Authority, Giorgos Pitsilis stated that the E1 codes related to incomes (wages, pensions), the estate (residences, etc.), any loans, expenses through receipts, interest on deposits and of course the their personal information will already be filled. All they will need to do is “check” the amounts that are pre-populated such as salaries, pensions, receipts, loans, homes, cars and their personal details.

Immediately the statement will be cleared and any tax will be confirmed. Even if they don’t even want to press the button but leave the information that AADE has put in unchanged, on the last day of submission of tax returns, the system will consider the return as submitted. And so this 1 million employees and pensioners you won’t even need the help of accountants and it will save a lot of time.

If the taxpayer finds inconsistencies, he can make corrections in the pre-filled fields. Corrections can be made with an amending declaration and between the submission of the declaration and the payment of the first installment.

According to the information and planning of the Ministry of Finance, the platform for submitting tax returns should be expected at the end of March. By then, the relevant legislation will have been passed for the automatic pre-filling and submission of the required tax returns for employees and pensioners. And that’s how the annual merry-go-round of extensions will come to an end.

No change is foreseen in the schedule of payments. They remain 8 equal monthly installments starting from the end of July until February 28, 2025. The lump sum payment until the end of July it will entail a 3% discount.

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