By Chrysostomos Tsoufis

It is available to taxpayers from Friday taxis and the roughly 9 million taxpayers have until June 30 to file their tax returns (in the past there have been “flea jump” extensions, let alone this year with double ballots almost certain).

Any tax cleared will be paid in 8 monthly installments starting from July, while this year the 3% discount will apply in case of a one-off payment.

This year’s E1 it has undergone “aesthetic” changes and is admittedly more user-friendly. It does not hold any particular surprises, although there are some changes compared to last year that need to be mentioned, such as:

ELECTRONIC TAX DEDUCTIBLE EXPENDITURE: In table 7 is pre-filled (the taxpayer can correct it if he wants) the amount of electronic expenses in 20 professional categories that are considered high risk such as e.g. plumbers, hairdressers or electricians. These expenses reduce taxable income up to €5,000 (tax reduction up to €2,200)
ELECTRONIC HEALTH COSTS: Also in table 7, a pair of codes has been added in which to fill the electronic expenses in 8 health professional categories such as ophthalmologists, dentists and chiropractors. These receipts count double in covering 30% of the taxpayer’s total income and avoiding the 22% penalty.
INCREASE IN FULL EMPLOYMENT : A new pair of codes in table 2 addresses the enterprises which in the last quarter of 2022 increased full-time jobs. By answering YES, they are directly exempted from paying the pretension fee.
E-BOOKS : An important difference is also found in E3 as this year the revenues and expenses declared by businesses and freelancers in the MyData e-books are pre-filled. Here too, it is possible to correct the amounts.

Caution it must also be given to specific codes so that taxpayers avoid the unpleasant surprises of an “inflated” settlement statement. Between them :

Codes 327-328 : Those who have income from business activity and submit a tax return for the first year must complete them so that the tax advance is reduced by 50%.

Codes 017-018 : New entrepreneurs – first 3 years of activity – must complete the specific codes in order to reduce their introductory taxation rate for the first €10,000 from 9% to 4.5%.

Codes 027-028 : For those who were born before 31/12/1960 so that they are automatically exempt from the tax.

Codes 013-014 : Must be completed by those over 65 to receive the 30% discount from the subsistence allowance.

Codes 023-024 : They must be completed by those who have reached the age of 70 or are residents of villages with a population of up to 500 inhabitants or islands with less than 3,100 inhabitants. The benefit is the exemption from having to cover 30% of their annual income with receipts.

Codes 307-308 : For taxpayers who are paid with a pad. The benefit of completing is that they earn a tax deduction that can reach:

  • up to €777 for single people
  • up to €810 for a married person with 1 dependent child
  • up to €900 for a married person with 2 dependent children
  • up to €1120 for a married person with 3 dependent children

Codes 351-352 : Listed are the amounts spent on the purchase of insurance time and reduce the taxable income from salaried work.

Codes 781-782 : Here are the amounts that are not considered income and are exempt from income tax. Such are considered, among others, income from sales of assets, one-off benefits of insurance funds, income from loans, inheritances, parental benefits or donations, winnings from lotteries and games of chance and special purpose compensations.

Codes 001-002, 005-006 and 009-010: For people with a disability of over 67% who are entitled to a tax reduction of €200.