The automatic …pilot will enter tax statements since the tax administration puts in place an extra block on tax evasion with pre-filled statements. According to the plan of the AADE commander Giorgos Pitsilis in the next two years, the E2 declarations for rental income will be pre-filled, as well as the income tax declarations of businesses and self-employed persons in the first stage and natural persons in the second stage.
The kick off is with this year’s VAT returns which will be locked for businesses and freelancers but also the automatic declaration of income tax for one million taxpayers who acquired in 2023 income from wages and pensions and had no change in their family or property situation, to be extended from next year to pre-filled data in income from real estate, holdings in company capital etc.
Tax declarations 2024: End of the “headache” for 1 million employees and pensioners – AADE’s plan
Most codes of form E2 in which taxpayers show income from rentals or vacant and free property granted will have been filled by AADE thus making life easier for 3,300,000 taxpayers who have income from real estate. With the completion of the interventions, we will be in front of an unprecedented scenario, with the complete automation of filling in the basic tax returns submitted every year by natural persons and businesses.
The “lock-in” starts from the VAT
The “locking” starts from the VAT declarations. From 2026 the measure will most likely be extended to income tax returns, which will also be locked and prepaid.
Taxpayers will see their income tax returns ready for electronic submission, as the amounts of the previous year’s income from salaries, pensions, business activities, real estate holdings and securities have been pre-filled by the AADE as well as all the amounts of taxes withheld and were prepaid.
In addition, all amounts of expenses that are recognized for deduction from tax or income will be pre-populated.
Already data on income from wages, pensions and certain categories of allowances and securities appear pre-populated and locked each year on income tax returns, so by pre-populating data on income from business activities, the return completion process will be automated for the vast majority of taxpayers, natural and legal persons.
30% chance of deviation
From January 1, 2024, VAT returns for self-employed businesses are locked, with the AADE clarifying that the income submitted in the VAT return cannot be less than what is transmitted to the myDATA digital platform and correspondingly the expenses submitted in the VAT return it cannot be more than what is transmitted on the digital platform.
For starters, there will be a possibility of deviating from the income-expense rule at a rate of 30% separately for income and expenses. However, the Ministry of National Economy and AADE will review the percentage of deviation in the coming months, with the aim of gradually reducing it and finally bringing it to zero.
The VAT declarations will be automatically pre-filled by AADE based on the data posted on the myDATA platform. This means that no professional will be able to declare less income, but also no more expenses, than those that have been passed to MyData.
With regard to VAT income – Outflows, the following is allowed:
- the transfer of amounts from an output code to another output code with a 0% VAT category.
- submitting more income than has been submitted to myDATA.
In case of objective difficulty in correcting income, the use of an alternative method of pre-filling is permitted with Document Type 11.4 – Retail Credit Item marked “Accounting Entry” and a distinct reference in the comments marked “Correlation Difficulty”.
For VAT Expenses – Inflows, the following is allowed:
- the transfer of amounts from an input code to another input code for all categories of expenses.
- submitting fewer expenses than have been submitted to myDATA.
- in case of objective difficulty in transmitting expenses, the use of an alternative way of pre-filling with Document Type 14.30 – Entity Documents as Indicated by itself (Positive) and a distinct reference in the comments marked “Difficulty of Correlation”.
- the post-date declaration of expenses is systematically monitored, in a subsequent VAT tax period from that which corresponds to the date of issuance of the corresponding documents and appears in myDATA, but within the year to which they relate.
Source: Daily
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