Tax returns: when is the filing deadline

The deadline for filing tax returns by individuals and legal entities expires on July 31, and the first installment must be paid before that time.

Deadline for submission of declarations for O.E. and E.E., who keeps aplographic books (απλογραφικά βιβλία), i.e. income and expenditure, inventory book, etc. – August 16.

Those who changed their tax residence in 2022 and relatives of the deceased have until December 31 to file a tax return. Until December 31, all reports with retrospectives of previous years are also submitted. According to the person in charge, the tax filing system was opened on March 30. During this period, several problems were recorded that prevented their submission. As noted, the system still has a long way to go before full digitization.

As for the penalties for late filing of a tax return, they are as follows:

• 100 euros for non-professionals (για μη επαγγελματίες).
• EUR 250 for businesses with simple ledgers (επιχειρήσεις με απλογραφικά βιβλία).
• EUR 500 for businesses with duplicate accounting books (επιχειρήσεις με διπλογραφικά βιβλία).

There is NO penalty if:

• The declaration is debit (Η δήλωση είναι χρεωστική).
• Debit, but the tax does not exceed 100 euros.

A surcharge of 0.73% is charged each month on the amount of each unpaid payment on debit statements. Until yesterday, out of about 6.5 million AFM more than 3.5 million tax returns were filed, of which 51% were nil and 17% were credit (είναι πιστωτικές)*.

**This means that the taxpayer is entitled to a tax refund more than he paid during the year.

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