By Vangelis Dourakis

And while the process of submitting tax returns is ongoing, the debtors should know that this year the “rules of the game” have changed: the new form E1 captures all the differences in exemptions and tax cuts. Since citizens display the attention required when they complete it, they will have a “profit” of a number of discounts, which are granted for 2024 income and of course avoid any “traps” of extra tax.

The new E1 form incorporates the taxpayments for closed real estate that opened and leased last year, as well as for real estate that returned from short -term to long -term lease.

What changes in form E1 in exemptions and tax cuts

It also includes the changes adopted for workers who receive tips, as well as professionals who are entitled to a 50% reduction in imputed income based on population criteria. The clearing note will only reflect the clearance of income tax and luxury living tax, since the business fee has now been permanently deleted from the taxpayer of natural persons.

The 6 points of the E1 form that reflect and any changes made to taxation this year are:

1. Codes 027-028 in Table 2 were deleted, as they relate to the business fee, which has been abolished for all natural persons with business and for those who are paid “block” from the tax year 2024 onwards.

2. Following the replacement of stamp on the digital trading fee, in cases where it is obliged to record this tax return in Table 4D2 and codes 741-742.

3. Table 6 added codes 119-120 “Expected Income from Retry of Homes”, which are supplied with the income from leasing of houses that is exempt from the tax in accordance with the provision of article 9 of Law 5162/2024 (for those owners of vacant real estate leases).

It is recalled that, if the property is vacant within the three -year tax exemption, the tax exemption ceases to apply again, and, if available for short -term lease, the exemption ceases to apply from the first year of the lease.

Short -term lease is also awarded to register or re -registration by interruption of the AMA in the Real Estate Register.

The exemption is granted if at the time of the submission of the income tax return the property is not registered in the short -term property register.

4. Codes 689-690 and 691-692 relate to the tips and are supplemented depending on whether there is electronic information. By law, which was passed by the end of 2024, it was set tax -free up to € 300 per month for tips received by employees (indicative of catering, individual care services, etc.), with application from 1 November 2024.

At the same time, it was foreseen that for all the amounts of staff and employers are exempt from insurance contributions (unless there is something different from individual or collective agreements).

It is noted that an in -use arrangement was provided for any employers who would think of artificially reducing salaries by declaring part of them as tips: in the event of a decrease in regular earnings, with a simultaneous increase in salaries from the grants, the employer will be required to pay 22%. It is noted that the tips above the amount of three hundred euros per month continue to be additional earnings for the employee, which are taxed by Article 15 (1) of Law 4172/2013 (CCP).

Income tax exemption does not occupy tips paid to employees as a specific percentage of salary or wage, or a fixed amount based on an individual agreement, contract or collective agreement or arbitration decision, and shall be raised regularly.

5. In the table of analyzing the determination of the minimum (imputed) amount of net income of individual businesses, the necessary modifications were made to incorporate the changes in the method of calculating income in accordance with article 6 of Law 5162/2024.

The same table was added to the case of half of the minimum amount of net income for those who have a “professional seat and main residence in a settlement with a population of less than five hundred (500) inhabitants or in municipal communities less than a thousand pens (1,500). Islands). ”