Taxation – Anataxis https://anataxis.gr Wed, 03 Feb 2021 18:12:48 +0000 en-GB hourly 1 https://wordpress.org/?v=5.6.14 https://anataxis.gr/wp-content/uploads/2020/02/favicon.jpg Taxation – Anataxis https://anataxis.gr 32 32 Filing Income Tax Returns for Fiscal Year 2020 https://anataxis.gr/en/ypovoli-diloseon-forologias-2020-copy/ Thu, 16 Apr 2020 13:17:00 +0000 https://anataxis.gr/?p=18671 Taxpayers with an individual Taxpayer Identification Number (TRN) can now file their income tax declarations. The Independent Authority for Public Revenue (AADE) has issued a statement announcing the opening of tax filing season for fiscal year 2019 (E1, E2 and E3 forms). The online portal is now open for receiving tax returns filed (both those...

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Taxpayers with an individual Taxpayer Identification Number (TRN) can now file their income tax declarations.

The Independent Authority for Public Revenue (AADE) has issued a statement announcing the opening of tax filing season for fiscal year 2019 (E1, E2 and E3 forms).

The online portal is now open for receiving tax returns filed (both those complying with the filing deadline requirement as well as accepting late submissions) for fiscal years 2015 onward, as well as for corrective tax statements filed for the same fiscal year periods. You can also file the supplementary forms, namely the E2 Form (Detailed Statement for Rentals Earned on Real Property) and/or the E3 Form (Financial Data of Sole Proprietorship or Business Operation). Moreover, you can access and print your tax statements, tax clearance certificates and Notice of Tax Liability (Tax Due) statements for fiscal years 2003 onward.

The deadline for filing tax returns is June 30th 2020 inclusive.

Contact us for more information.

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]]> Electronic Invoicing Platform https://anataxis.gr/en/electronic-invoicing-platform/ Tue, 25 Feb 2020 20:23:00 +0000 https://anataxis.gr/?p=18731 All businesses and sole proprietorships are under the obligation to implement electronic accounting books, as well as optionally adopt e-invoicing tools and online recording of all transactions, effective as of April 2020. This entails that all transaction data will automatically be transferred through the ‘my Data’ platform to the online tax portal (TAXIS) where they...

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All businesses and sole proprietorships are under the obligation to implement electronic accounting books, as well as optionally adopt e-invoicing tools and online recording of all transactions, effective as of April 2020.

This entails that all transaction data will automatically be transferred through the ‘my Data’ platform to the online tax portal (TAXIS) where they will be cross-checked and verified.

The issue of invoices must adhere to a specific template that allows electronic processing.

The digital invoicing tool records the following:

  • Table outlining income
  • Table outlining expenses
  • Table aggregating income and expenses per day, per month, per quarter and the total for each annual period.

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]]> Modifications pursuant to the new tax legislation https://anataxis.gr/en/modifications-pursuant/ Mon, 16 Dec 2019 20:26:38 +0000 https://anataxis.gr/?p=18737 The modifications brought on by the new taxation legislation effective for salaried employees, pensioners & the self-employed.

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The modifications brought on by the new taxation legislation effective for salaried employees, pensioners & the self-employed.

TAX BRACKETS

10.000,00€                         9%

10.000,01€ - 20.000,00€    22%

20.000,01€ - 30.000,00€    28%

30.000,01€ - 40.000,00€    36%

40.000,01€ & & above      44%

The declared income tax exemption limit is set at:

777,00€ for single & married taxpayers

810,00€ for taxpayers with 1 child

900,00€ for taxpayers with 2 children

1120,00€ for taxpayers with 3 children

The above tax discounts are applicable to persons with a declared annual income of up to 12,000.00€.

For income exceeding 12,000.00€, the discount will be offset by 20.00€ per 1,000.00€ of extra income.

Effective as of 1/1/2020, self-employed persons will also be under the legal obligation to keep a record of receipts, covering 30% of their income. Should they fail to do so, they shall incur an additional 22% tax.

COMPANY TAX

NET PROFITS TAX RATE          24%

DIVIDEND TAX RATE                5%

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