By Chrysostomos Tsoufis

The new E1 – the form of our tax return, that is – has been published and shows significant changes compared to last year’s form.

TAXATION OF SELF-EMPLOYED PROFESSIONALS

One of the biggest changes has to do with the presumptive way of taxing freelancers and the self-employed this year.

In particular, the codes 045-046 and 047-048 were added to Table 2.

These tables are completed either by those who are exempt from the presumptive determination of the minimum income or by those whose presumptive income must be reduced due to time-limited exercise of their activity.

The sub-table of codes 045-046 concerns insurance intermediaries, coffee shops in settlements with less than 500 inhabitants and those who in 2023 carried out business activity for a limited period of time due to legislative or regulatory regulations.

The sub-table of codes 047-048 is completed by those entitled to a reduction of the minimum income by 50% and concerns large children, parents of single-parent families with minor children, taxi operators with an ownership percentage of <25% and permanent residents of settlements with up to 500 inhabitants or islands with up to 3,100 residents. Codes 405-406 have been added to table 4C which are pre-populated by the tax administration with the minimum assumed income. The relevant sub-table shows how this amount is calculated based on the data available to the administration.

Codes 443-444 are filled in by the taxpayer if he disputes the above amount beyond objective reasons, essentially calling the authorities to check him. In order to do this, he must fill out a special questionnaire for all of his property and that of his family members within 60 days of the deadline for submitting the tax return.

Codes 445-446 have been added to table 6, which are also pre-filled with the tax-exempt income from business activity in the case of determining a minimum net income

SOLIDARITY CONTRIBUTION

In table 4A, codes 333-334 and 349-350 related to amounts withheld due to the solidarity levy were deleted. The codes 261-262 concerning the withholding of amounts due to solidarity contributions without electronic information were also abolished in table 4B.
In Table 6, codes 617-618 and 657-658 were removed, which related to incomes that were exempt from tax but subject to a solidarity levy

OWN INCOME TAXATION

Codes 269-270 have been added to table 4B concerning incomes that are taxed independently at a rate of 15% or 20% such as:
– Compensation of members of independent committees
– Salaries from the National School of Judicial Officers
– Fees of ex-judges who participate in tax dispute settlement committees
– Retrospectives received in 2023 by dividend holders of the Army, Air and Navy Mutual Funds

UNIVERSITY STUDENTS WITHOUT INDIVIDUAL BUSINESS ACTIVITY

Codes 633-634 have been added to table 7, in which the amount paid by full-time tax-paying teachers and lecturers to A.E.I. who do not carry out individual business activity, in the Special Research Funds Account (ELKE) of A.E.I. from 2018 onwards.
According to the law, the amount paid by each for debts from the year 2018 onwards is deducted from the tax return submitted in the following tax year. Therefore, the amounts paid and related to debts for the years 2018 to 2022, are deducted from the incomes of all categories that will be included in the income tax returns for the tax year 2023.