Only 5 days remain until taxisnet closes for this year’s tax declarations for 2024.
Accountants continue to push for an extension, arguing that the numerous errors even in the pre-filled declarations make it difficult to complete the process by July 26.
Tax Declarations: Despair Among Accountants and Taxpayers
The ministry has not yet revealed its cards regarding even a small extension on the submission deadline for the declarations. Referring to the issue of tax declarations, the Minister of National Economy and Finance Costis Hatzidakis, in an interview with NEA, announced that next year the goal is for tax declarations to start in March and be completed by June.
The Tax Declarations
The “hourglass” for submitting declarations is running out, as is the case for taxpayers who have not yet submitted their paperwork.
So far, approximately 1,200,000 declarations are still pending. This year, the tax refund will occur immediately, with the deadline for submission of the declarations set for July 26.
To meet the submission deadline, 200,000 declarations must be submitted daily.
“This is a number that has never happened before. It’s difficult,” says accountant Nikos Fragiadakis, speaking to MEGA.
“The issue is that this year the situation has become a bit more complicated because there were the so-called automated declarations, the pre-filled ones, where over half needed modifications.
According to accountants, there is a continuous need for submitting amended declarations as:
- New income certificates are submitted by various entities
- Errors are discovered in the automated declarations
- Significant issues such as claw-back remain pending
“On one hand, we have the pre-filled declarations that require constant amendments, which catches the tax technician off guard. On the other hand, there are entities that renew income certificates even just 10 days ago. This takes time away from the general process.”
“I cannot understand why the ministry insists on such an unrealistic and short period for the submission of tax declarations,” he concludes.
The Fines
In the event that there is no extension, taxpayers who have not submitted their tax declaration by Friday will face fines of up to 500 euros:
- 100 euros, regardless of the result of the assessment, whether it is zero, credit, or debit for late declarations of individuals. If the declaration is debit, an additional fine of 0.73% is imposed for each month of delay from the deadline for the payment of tax.
- 100 euros for late initial declarations of individuals and legal entities that keep simple accounting books, which are credited or zero, and 250 euros for debit initial declarations.
- 100 euros for late initial declarations of individuals and legal entities that keep double-entry accounting books, which are credited or zero, and a fine of 500 euros for debit initial declarations.