The platform for submitting this year’s tax returns was opened on Thursday afternoon, which last year they exceeded 9 million.

The big changes are essentially two according to SKAI journalist Chrysostomos Tsoufis. The first concerns about 1 million employees and pensioners, who have no other income than their salaries and pensions respectively.

As last year, and as long as there is no change in their marital status, these taxpayers will see their tax return prefilled. The big change is that even if they don’t press the send button either out of negligence or “boredom”, – after checking that all the details are correct – their tax return will be automatically sent by AADE on the last day of the deadline.

The second big change results from the change in the method of taxation for approximately 735,000 freelancers and self-employed. From this year, the presumptive method of taxation applies to them and their minimum income is set at €11,630 – that is, the salary of someone who receives the minimum wage – and can reach up to €50,000 based on specific criteria.

Their tax declarations, the so-called E3, will for the first time also be pre-filled with the assumed income, which of course they can dispute and ask to be checked.

New codes are added to E3 concerning:

  • The years of operation of the business
  • The total annual payroll costs (if there are staff)
  • The total annual turnover of 2023
  • Any exemption from the new taxation system (concerns large children or people with a disability of more than 80%)
  • Any exemption from the new system of taxation because he belongs to one of the categories of enlisted, hospitalized, sick or imprisoned
  • Any reduction in presumptive income (headquarters in a small village or small island, disability 67% to 79%)
  • Disputing the certified tax and accepting an audit by the AADE

For freelancers and the self-employed, the application fee will be reduced by 50% this year and zero next year, as announced by the Minister of Finance Kostis Hatzidakis.

For the “blocks” it remains at €400-€500 as well as for legal entities (IKE, S.A., O.E., EPE, E.E) at €800-1000

Complete exemption from end vocation from this year they will have:

  • Professionals and businesses with a turnover of up to €2m that increased their staff by at least 25% compared to last year
  • Commercial enterprises and freelancers operating in villages with a population of up to 500 inhabitants and on islands with less than 100 inhabitants, unless they are tourist sites
  • Sole proprietorships and freelancers who are in their first 5 years of operation
  • Professionals with a disability of at least 80%
  • Farmers and Fishermen
  • Those who are 3 years away from the retirement age which is calculated at 65 years

Conversely, there is no change in advance tax:

  • 55% for freelancers and sole traders
  • 80% for businesses
  • 100% for banks

For electronic expenses, it applies that they must cover 30% of the taxpayer’s income with a maximum limit of €20,000

Expenses from medical professions count for twice their value.

Failure to collect the electronic spending limit results in a tax penalty of 22% on the difference between the amount of receipts that should have been collected and those that were finally collected.

The following are exempted from the obligation to collect electronic receipts:

  • Those who have reached the age of 70
  • Permanent residents in villages with a population of up to 500 inhabitants and islands with a population of up to 3,100 inhabitants

Especially the costs of renovating or repairing a home made by electronic means bring a tax deduction of up to €1600

Insurance contributions paid for the purchase of notional insurance time are deducted from taxable income

The presumptive method of taxation is also activated for any employee who finds himself unable to cover the presumptions of living with his declared income.

The resulting tax will have to be paid in 8 monthly installments from July to February 2025. The one-time payment of the tax brings a 3% discount, which discount also applies in the event that an extension is given to the start of tax repayment, which is not was valid last year.