By Chrysostomos Tsoufis

We are 13 days before the time change, but we have already entered the constellation of tax returns of 2025. And who else took care of that? The Ministry of Finance announced that the Register of Persons Obliged to Submit an Annual Income File is already in operation.

In other words, the Archive in which all those public bodies that must send AADE timely and valid data (payroll, pensions for example) for the pre-filling of tax returns must be registered until January 15th.

In the event that the initial registration of the organization in the Registry is not carried out by the deadline, fines of €2,500 will be imposed on the responsible persons. Who are the responsible persons? According to the ministerial decision, the persons who exercise the administration of the institutions are, in particular:

  • For the Presidency of the Republic the Special Secretary
  • For the Hellenic Parliament, the Secretary General
  • For the Presidency of the Government, the Head of the Administrative and Financial Support Unit
  • For the Ministries, the official secretaries
  • For municipalities, the general secretaries or, in their absence, the Mayors
  • For the regions, the executive secretaries or, in their absence, the Regional Governors
  • For the Decentralized Administrations the Coordinators
  • For other bodies the administrative body holding the highest paid salaried position in each body
  • For public services with administrative autonomy, the heads of these services, as well as the heads of the services responsible for clearing the amounts paid and sending the data to A.A.D.E.

€2,500 is also the fine for sending inaccurate data or sending data late. The fine is increased by €50/day in cases of overdue transmission.

In addition to the Public Sector, similar obligations to send data for the pre-filling of tax returns also have private sector entities such as banks, listed schools, servicers and educational institutions. Except here the bells are much bigger:

  • €20,000 fine for the breach of late initial transmission/sending of data.
  • Up to €40,000 fine for the violation of late sending of supplementary and/or corrective information.
  • €50,000 fine if the gross income of the debtor exceeds €1m
  • Until January 16th, the entities must have been registered in the special register and until February 28th they must have completed sending the necessary information, and this is how the ridiculousness with extensions upon extensions comes to an end. From 2025 onwards the tax filing platform will open on March 15 and remain open until July 15. Income tax will be paid in 8 monthly installments starting from the end of July.

And the faster you pay off, the bigger the tax deduction.

  • 4% discount if the declaration is submitted within the first 45 operations of the application, i.e. between March 15 and April 30
  • 3% if the declaration is made in the next 45 days, i.e. between May 1 and June 15
  • 2% if the declaration is submitted in the last month of operation of the platform, i.e. between June 16 and July 15