2024-06-01 13:40:28
The “explosion” of digital funds is recorded within the tax returns, with the info from their processing revealing transactions for client wants amounting to 55 billion euros for the yr 2022, an quantity comparable to 60% of the declared earnings (about 92 billion euro).
A powerful ratio
The ratio is spectacular in itself as code 049 basically solely consists of family consumption expenditure. There are not any funds for loans, rents, and so forth. If we add these as effectively, the quantities based mostly on what’s written within the tax returns (round 5.7 billion euros are the funds for the loans, whereas one other 3.13 billion euros are given for rents) we hopefully attain 63.67 billion. euro. If the roughly 8-9 billion euros of earnings tax are added, the ratio approaches 80%.
With these knowledge, the conclusion is that each one money expenditures made in Greece, in addition to these not recorded within the tax return, don’t exceed 20 billion euros.
Clearly that is not the case – in any other case we would be a rustic the place nearly all funds have been made electronically, so the statements give yet one more indication of large earnings hiding.
Along with the quantity of digital funds mirrored within the codes 049 and 050 of the tax return, the expansion fee from yr to yr can also be spectacular.
From 37 billion euros in 2021 (refers back to the transactions of the troublesome 2020 because of the pandemic, which was additionally the rationale for getting used to digital funds) we reached 45.5 billion euros in 2022 and 55 billion euros in in 2023.
The Ministry of Finance is “betting” on a really massive enhance that will probably be mirrored each on this yr’s tax returns and – primarily – in these of the next yr.
This yr it’s anticipated to interrupt the barrier of 60 billion euros, whereas subsequent yr the profit from the enlargement of POS is anticipated to be recorded in nearly all financial actions. Based mostly on conservative forecasts, on the finish of this yr digital funds – i.e. transactions by way of playing cards or by means of transfers from checking account to checking account – will even exceed 70 billion euros.
Presently, the tax returns have recorded the next performances:
1 In 2020 (2021 declarations) the common expenditure per taxpayer was round 5,500 euros. Code 049 had transactions of €28.01 billion and code 050 (spouse’s) €8.9 billion: a complete of €37 billion.
2 2021 (2022 declarations) noticed an extra enhance in common expenditure to €6,500 per taxpayer to convey the overall to €45.5bn, up €8.5bn in a single yr.
3 In 2022 (2023 declarations) we reached an all-time excessive of €54.8 billion (€42.2 billion for the debtor and €12.6 billion for the partner), which implies the common rose to €8,000 for the debtor and at 7,268 euros for the spouse.
Clearly, the expansion fee is way increased than the earnings progress fee.
That is because of the “familiarity” of taxpayers with digital funds, but additionally to the truth that earnings is rising, in addition to to the truth that the measures to fight tax evasion are paying off. The massive “guess” is, in fact, the digital transactions of 2024. On the one hand, as a result of the brand new measures are being activated (extension of POS even in streetcars and taxis) and however, as a result of it’s now recognized to taxpayers that the unusually excessive digital funds in proportion to earnings can to… mess them up with the tax audit.
What does this detailed family report assist with?
The bigger the “uncooked materials”, the extra leeway the tax authorities should determine taxpayers with unusually excessive transactions for his or her earnings knowledge. Weeks in the past, the primary cross-checks by AADE have been already carried out to determine those that, though they declare incomes of as much as 10,000 euros, present a number of earnings.
Digital funds don’t represent “presumption”. However it raises affordable suspicions when a taxpayer with an earnings of 10,000 euros is burdened with bills of 150,000 euros.
1,500 such circumstances have already been recognized and within the subsequent interval the outcomes of the checks launched by AADE will probably be introduced.
Actually, these checks will probably be repeated at common intervals with a purpose to exert a “stress” on these chosen for various years.
Registration additionally helps enhance VAT income. In spite of everything, it’s a key goal of the financial coverage to scale back the VAT “hole” to a single digit fee for the primary time.