Tax Divorce: Deadline for filing returns

Today is the last day of the tax divorce, as interested couples can apply on the online platform of the Greek tax office AADE until today.

To taxpayers who choose “tax divorce”¹”, it is worth weighing the data²so as not to get involved in adventures and not be in front of unpleasant surprises when receiving a tax return form.

Taxpayers should be aware of the following:

1. Proof. In separate declarations, the concept of family income does not exist to cover the assumptions about residence (cars, houses, etc.) and the acquisition of assets by each of the spouses, since they fall on each of the spouses individually, while for the possibility of covering the presumptions of capital consumption you cannot refer to the income from the declaration of the other spouse. It is noted that the presumption of minimum objective living expenses for an individual is 3,000 euros instead of 5,000 euros charged to a couple in the case of a joint application. Therefore, based on the above, there is a risk that some people will be asked to pay additional tax due to not providing proof of residence and “where are you from”.
2. Receipts. It is not possible to transfer the amount of income from one spouse to the other, so if one of them has an income gap, they will face a penalty of 22% of the amount that will be missing from the 30% limit.
3. Allowances. When assigning benefits, family income is taken into account, and not individual income, which each spouse declares on his tax return.
4. Residence. Each spouse fills in their share of ownership in the case of a private residence, their share as a tenant in the case of a rental dwelling, and the free concession percentage respectively.
5. Children. Children from a joint marriage, as well as recognized children, are declared dependents of both spouses. The income of a minor child, which is not taxable in the name of the child, is added to the income of the parent with the highest income and is declared only by that parent. Income and objective costs of living and acquiring property of protected children are borne by the spouse with the higher income. If the incomes are equal, then the father bears them. In the event that one of the two parents has parental responsibility, the income of the minor child is added to the income of that parent.
6. Tax awareness. Both in a joint declaration and in a separate declaration, the issuance of tax information of one of the spouses is not blocked if the other spouse has an overdue debt to the tax office.

Reference

1. This term – “tax divorce”, has nothing to do with “divorce” – deception.
2. Even better, contact a professional. accountant.

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