Based on this plan, the determination, certification and collection of the VAT and the digital transaction fee, in the first phase, and the transfer taxes of real estate and movable assets in subsequent phases will be done automatically by the Tax Administration at the time of each transaction. transaction on which the specific taxes are imposed. In other words, the collection of taxes will be done in real time and without the prerequisite of the submission of relevant declarations by the taxpayers. In essence, when this plan is fully implemented, the procedure for submitting VAT returns and other taxes imposed on transactions will be immediately abolished.
Electronic payments
A condition, of course, for this ambitious plan to be implemented is that all transactions subject to VAT and other transaction taxes must now be made with electronic means of payment, i.e. with credit or debit or pre-filled cards via POS or via IRIS or even by transfer money from account to account via web banking and to make it technically possible to separate:
* the net amount of each transaction, which will be transferred automatically, when the electronic transaction is carried out, to the bank account of the person who accepts the money (the business seller of goods or service provider if it is a VAT or digital transaction fee, the property seller or movable property if it is a tax or transfer fee etc.),
* the amount of the VAT or the digital transaction fee or any other tax on the transaction, which will be automatically transferred when the transaction is made to the Greek State account and will be directly credited to the State Budget revenues.
Once this procedure is implemented, it is understood that the State will collect directly, much earlier than now, all taxes that burden citizens’ transactions of all kinds, since the payment of each tax will not first require the submission of a declaration and thus it will not retrograde.
Pre-announcement
The implementation of this ambitious plan is announced in the new Strategic Plan of AADE, for the period 2025-2029, which was recently put up for public consultation. According to this plan, one of the most important actions planned by the Independent Authority for this period is the determination, calculation and collection of the tax in real time through the use of digital applications (my Data, myProperty, interface of cash registers with POS ).
Direct credit to the State
For example, in the case of VAT, on each purchase of a product subject to this tax, the portion of the net transaction amount that the merchant is entitled to collect will go to and be credited directly to his bank account and the portion of the transaction amount that applies to the relevant VAT will be automatically transferred and credited to the State account! In this way, the obligation of businesses and self-employed professionals to submit a VAT return will be abolished, a procedure that postpones the payment of the tax, as it postpones the time of return of the tax to the State by 1 to 3 or even more months after the realization of each transaction (since the tax payment is often completed in 2 to 24 monthly installments based on a fixed arrangement)!
November pensions: What you need to know about their payment
Efraimoglou in ET – EBEA Library: a new cell of knowledge
Attiki Odos: What changes from October 6 in the prices – What will happen to the e-PASS
Tax Office: Out-of-court settlement with fine reductions of up to 50%
“Kosmos” plan: How the liberation operation from Beirut took place
SYRIZA: What the “pure” Stefanos is preparing – The background behind the video that shocked Koumoundourou
Kyriakos Mitsotakis article in ET for the party’s 50 years: ND, a guarantee for a confident and proud Greece
On this day, New Democracy was founded – The most important events in the party’s 50-year history [Βίντεο]
#Tax #VAT #payment #time #transaction #businesses
