Tax declarations 2024: When do they start – The new codes on the E1 form – Until 29/2 the acceptance certificates at the AADE – 2024-07-21 00:57:00

Time is counting down for this year’s tax statementsas the deadline for sending to Independent Public Revenue Authority (AADE) of salary certificates from employers and agencies.

According to the decision of the AADE, employers, public bodies and banks, are obliged to send by the end of the current month the certificates for the wages and all kinds of income that millions of taxpayers obtained last year, based on which the corresponding codes will be pre-filled in the form E1.

For the first time this year, for 1 million taxpayers who acquired income in 2023 exclusively from wages and pensions and had no change in their family or property situation, the statements will be pre-populated and will be automatically sent by the system.

The application of TAXIS for declarations is expected to open around the end of March and the repayment of income tax for those who receive a debit settlement will be made in eight equal monthly installments with the first being paid at the end of July and the last in February 2025. In the case one-time payment of the tax, a discount of 3% is granted on the total amount.

New codes have been added to the E1 form regarding:

• Retrospective amounts of Dividend-bearing Equity Funds and Special Branches of Economic Assistance of the Army, Navy and Air Force taxable in the year of payment
• Compensation of members of Independent Appeals Committees, fees from the National School of Judicial Officers, fees of Tax Dispute Resolution Committees, and:
• Retrospectives of ship crew officers (ELKETHE, etc.) (an Amending Declaration is submitted in the years concerned).

In relation to the remuneration certificates from business activity, a code was added for remuneration with the provision that it is submitted exclusively by the original contractor.

AADE also requests all data for: financial support and remuneration that are tax-free, (extraordinary) support to pensioners that are tax-free and not counted in the income limits for the payment of any benefit of a social or welfare nature.

While the code was amended for special purpose compensation granted to workers in the context of dealing with the consequences of the risk of spreading the spread of COVID-19, to workers in the context of dealing with extraordinary events and aids affected by natural disasters

Banks should send to AADE by the end of February:

• The amount of credit and debit interest on deposits and repos acquired by the natural person in the previous year, as well as the amount of tax withheld, with the details of the beneficiaries/co-beneficiaries, such as surname, VAT number and reference calendar year.
• The full details of the bank accounts which show an annual movement of more than 100,000 euros.
• Deposit bank accounts with a total portfolio value of more than 200,000 euros.
• The sums of money actually paid by natural persons for interest-based amortization of regularly maturing loans, including accrued and paid interest, interest on arrears as well as other expenses (e.g. administration).
• Details of transactions using payment cards (debit or credit) including ATM withdrawal transactions.