2024-08-11 17:56:10
The “lifting” with marginal corrections to the assumed system is just around the corner taxation of freelancersas immediately after completing the submission of the tax returns, the relevant procedure is expected to begin. According to information, the matter is expected to be closed before the end of the year.
This is done so that AADE can prepare its systems in time to welcome, incorporating any changes, the tax returns of 2025. In the Ministry of National Economy and Finance there is obvious satisfaction with the result of the clearing of tax returns, as the tax revenues from the self-employed persons, due to the new method of presumptive taxation, appear increased to the level that was foreseen.
The prevailing scenarios
Closing the curtain on personal tax returns opened the way for corrections to self-employed and self-employed imputed income. Already, the first scenarios have seen the light of day, although from the Ministry of National Economy and Finance there is no official, nor unofficial position.
It is open to the possibility that Prime Minister Kyriakos Mitsotakis, from the stage of the TIF, will mark the changes and improvements, so that possible injustices are remedied, as he has stated in the past.
Based on the existing scenarios, the basic core of the presumptive system for calculating the minimum taxable income for 735,000 self-employed and freelancers is not going to change. Possible interventions – changes will concern:
1. The turnover criterion, on the basis of which the imputed income is increased.
2. The payroll cost criterion, which, especially in the cases of sole proprietorships employing staff with many years of employment, significantly increases the imputed income.
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1513202928332-4’); });
}
3. The possibility inclusion of family income.
4. Improvements to the dispute process of the minimum presumptive income.
5. “Haircut” of the burden that will be caused due to the adjustment of the minimum wagewhich is the basis for calculating the minimum presumptive income. It should be noted that the increase in the minimum wage from 780 to 830 euros raises the minimum presumptive taxable income from 10,920 euros in 2023 to 11,620 euros in 2024.
Before the end of the year the changes
As the Deputy Minister of Finance, Christos Dimas, has recently stated, the changes will be legislated before the end of the year so that there will be sufficient time for AADE to adapt its systems to the new data, for the submission of next year’s tax returns. The Finance Ministry’s plan foresees the start of the tax return submission period from March 1, 2025, with a “locked-in” schedule with no extensions until June 30 each year.
What the liquidation figures show
Based on the latest figures available, 6,557,163 tax returns have been submitted this year, with the additional tax they are asked to pay amounting to €4.6 billion, up from €3.8 billion last year. From the liquidation of the returns that have been submitted, it appears that 35% of the returns are in debt, with taxpayers paying additional tax for the incomes of 2023, which reaches 2,000 euros on average.
Last year, 47% of freelancers paid up to €1,000 in tax and 27% between €1,000 and €3,000. This year, according to the calculations of the Ministry of National Economy and Finance, 17% will pay up to 1,000 euros, while 54% will pay between 1,000 and 3,000 euros.
Read more:
Why Only 3 in 10,000 Freelancers Challenge Presumptive Minimum Income
Source: RES-MPE