Of Chrysostom Chufi

Clarifications to cover the tax evidence With the amounts of parental benefits and donations, the Governor of AADE was given a circular.

In his circular, Giorgos Pitsilis states that in cases where the taxpayer – to reduce the difference between the imputed and his total income – cites money from donation or parental benefit (for which the relevant statements have been submitted to the time. the expiry of the year in which the relevant expenditure was made), these amounts must be obliged to take into account the tax administration.

In cases where the taxpayer cites money from donation or parental benefits that preceded the relevant expenditure, but the corresponding statement was submitted – whether timely or late – after the end of the year, these amounts are taken into account by the tax administration as Revenue that reduces the difference between the presumption and total income only if they prove to be collected, as well as their taxation or exemption from capital taxation. That is to say, in addition to submitting the donation/parental benefit statement in such cases, the finding that the child/grantor received the amount before the incurred expense was made.

In his circular, the commander of the AADE gives examples of certification of collection:

(a) Transfer of money from the donor’s/parent’s individual bank account or a joint bank account with the grantor/child or third person in an individual account of the donor/child or to another joint account of the latter with the donor/parent or third party himself face.

b) Issuance of a bank check by the donor/parent either by depositing cash or by charge of an individual bank account or public with the grantor/child or third person and the deposit of this check in an individual account of the grantor/child or to another joint account of last with the donor/parent or third person.

(c) Missing the amount of the donor/parent’s individual bank account or a joint bank account with the grantor/child or a third person and deposit of the same amount to the donor/child account or in a joint account of the latter with the donor himself/ parent or third person.

(d) Taking money from a common bank account by a co -beneficiary who has not contributed to the account and uses the amount of money on his behalf, which is considered donated on the basis of capital taxation

(e) Transfer of the amount of money from the donor/parent bank account to the contractor/manufacturer/seller account, which may also be issued by issuing a bank check for the payment of the property purchase price by the grantor/child.

(f) Transfer of money to the seller’s bank account for the purchase of a vehicle by the grantor/child, provided that the relevant license is provided in the name of the latter.

g) Transferring money to a company bank account to increase its capital, provided that it is provided that it was carried out and the entire transferred amount was allocated to increase the percentage of the grantor/child’s participation in the Company.

Other revenue used to cover evidence are among other things:

-So that come from the sale of assets
-Communication imported into the country and is not mandatory to the Bank of Greece, provided that it is justified abroad
–
-Arection of (taxable) capital of previous years
—Cales