Tax returns: In March, the platform opens for the start of their submission

There are just a few days left before taxpayers start filing tax returns for income earned in 2022. According to reports, few details remain and shortly before or shortly after March 25 - and in any case before the end of the month - the online platform on myAADE will open.

According to the legislation, the deadline for filing 2023 tax returns is June 30, 2023. The first installment of any additional tax that may be due must be paid by July 31.

Repayment of the income tax will be made in eight (8) equal monthly installments with the last one scheduled to be paid in February 2024. In the event that a taxpayer wishes to pay the tax in one lump sum, he/she will receive a rebate on the total amount of 3%.

The codes for the basic tax form remain almost entirely unchanged, so this year the 8.5 million taxpayers will not face any particular problems in completing them. Also, the same will happen with income taxation as the tax brackets remain the same for income earned last year and to be declared this year.

The new element of this year's tax return is that the E3 form will be pre-filled with the income and expenses that businesses and professionals have declared in the myData electronic books. The pre-filled codes will not be locked but open so that taxpayers will be able to make corrections to the pre-filled amounts.

It is noted that the income based on the salary and pension statements as well as the taxes due and withheld are pre-filled and there is no possibility of correction.

What every taxpayer needs to know before filling in the returns:

* Joint spouses' returns: in the case of a joint spouses' return, a separate tax assessment is made and then two separate tax assessment acts are issued, one for each spouse. Credit amounts of one spouse are not offset against any debit amounts of the other and, in the case where both have credit amounts, they are refunded to each beneficiary separately. The tax of the spouses resulting from their joint return is assessed at the tax office of the liable person, even in cases where the spouses have different tax offices due to the fact that one (or both) of them is engaged in a business activity or due to different tax residency. Therefore, the tax assessment instruments issued on a joint return will indicate the tax identification number of the liable spouse for both spouses.

* Separate spouses' returns: spouses file a separate return if they have declared, the deadline has passed as it was 28 February. Separate returns are mandatory in cases where the marital partnership has been terminated at the time of filing the return or one of the spouses is in bankruptcy or has been subject to court receivership.

* Cohabitation agreement: natural persons who have entered into a cohabitation agreement may submit a joint income tax return and are treated in the same way as married persons.

* Foreign residents: If a tax resident of Greece transferred his/her residence abroad in 2022, the return must be submitted by the due date throughout the tax year and no later than 31.12.2023.

* Deceased persons' declarations: submitted for income earned in 2022 until the date of death by their legal heirs to the competent Tax Office by the deadline of 31.12.2023.

* Minor child: In case a minor unmarried child submits a separate tax return and at the same time earns income of another category, such as income from real estate, this is reported on the return of the liable parent.

* Statements with reservation: Submitted electronically through the myAADE digital portal, and within a period of 30 days from the date of submission of the return, taxpayers must provide the D.O.Y. with the necessary supporting documents, which prove their claims and the reason for the reservation, in order to clear the returns and issue the administrative tax determination acts by the D.O.Y. within 90 days from the submission of the return. If the required supporting documents are not provided within the aforementioned 30-day period, the declarations are cleared without taking the reservation into account.

* Modifying statements. For retroactive amounts of wages, pensions, allowances and other retroactive amounts for the tax year 2015 and subsequent tax years, for the payment of which relevant information is sent to the tax administration by the payer, they are submitted via the myAADE digital portal.

* New taxpayers: Those filing a tax return for the first time will need to obtain passwords. Young people who turn 18 in 2022 and have earned any amount of real or imputed income shall file their own tax return. 18 year olds also come of age for tax purposes and obtain their first contact with the IRS if:

- They do not live in the same house as their parents but live in a dwelling in which they have at least a small percentage of full ownership or usufruct or in a dwelling that was given to them free of charge by their parents or a friend.

- They own any other asset that is taken into account as a presumption of livelihood, such as a car.

- Earned in 2022 any form of income, such as from wages, benefits, rent, farming or business activities, capital gains from stocks, bonds, mutual funds, etc.

- They set up a business in their own name in 2022.

- They went into liberal profession in 2022.

- They are married at the time of filing the tax return.

The only exceptions to the last obligation to submit a declaration are those 18-year-olds who, in the previous year, did not have any income or assets that constitute presumptions (house, car, etc.), if they were hosted in their parents' homes or are students and because of their studies they live with rent in a city other than the one in which their parents live.