- 23 March 2021
- Posted by: amouzakis
- Category: Tax News
The changes concern in particular natural persons who have been financially affected by the pandemic.
Important will be the changes that will affect the calculation of taxes and the submission of this year's tax returns (L.4797/2021).
The changes are aimed at smoothing the tax burdens, particularly of those individuals who have been financially affected by the covid-19 pandemic.
Receipts of expenses by electronic means
The tax surcharge (22%) for the amounts of expenses with electronic means of payment that fall short of the required amount of expenses, does not apply to certain categories of taxpayers who, for any period of time within the year 2020:
a) were financially affected due to the spread of the COVID-19 pandemic and in particular for those practicing individual business activity that was characterized as affected or its operation was suspended, by any of the issued regulatory decisions,
b) for the natural persons whose employment contract or chartering contract was suspended, by any of the issued regulatory decisions, or who joined the aid mechanism "SYN-ERGASIA",
c) for property owners, who received a reduced rent within 2020 for which at least one approved COVID-19 declaration has been submitted, following relevant processing by AADE, in accordance with the legislation and the relevant regulatory acts, as well as
d) for taxpayers who had reached their sixtieth (60th) year of age on 31.12.2019.
Evidence and who is exempt
A provision was legislated that regulates the fairer and more rational taxation of taxpayers who, regardless of the period of time within 2020, were affected by the COVID-19 pandemic due to the reduction of their incomes, with the non-application of presumptions, or because
a) their individual business activity was characterized as affected or its operation was suspended based on regulatory acts of the administration, or
b) because their employment contract or seamanship contract was suspended in accordance with the relevant provisions or they joined the "JOINT EMPLOYMENT" aid mechanism, or
c) are property owners who received a reduced rent within 2020 for which at least one approved COVID-19 declaration has been submitted following relevant processing by the AADE.
End vocation
Exemption from payment of application fee:
a) for regular farmers, for whom the first five years have passed since the date of keeping books and joining the regular VAT regime,
b) for coastal fishermen, who operate fishing vessels up to twelve (12) meters, as well as
c) for those who obtain income from business activity, real estate (rents), dividends, interest, royalties and capital gains.
Deadlines for submitting tax returns and paying tax
The declarations of Legal persons and Legal entities are submitted on time, until 27.8.2021, for the tax year ending on 31.12.2020.
The tax for these declarations is paid in 8 equal monthly installments, of which the first two installments are paid by the last working day of August 2021 and each of the following ones by the last working day of the following 6 months.
The declarations of natural persons are submitted on time, until 27.8.2021.
The tax for these declarations is paid in 8 equal monthly installments (of which the first two installments are paid by the last working day of August 2021 and each of the following by the last working day of the following 6 months), provided and that if the personal income tax return is submitted by 28.7.2021 and the resulting tax due is paid in one lump sum by the last working day of the month of July 2021, a 3% discount is provided to the total amount of the tax and other confirmed debts.
Uncollected rents
The income from the rental of immovable property, which has not been collected by the beneficiary, is not included, especially for the tax year 2020, in the lessor's total income, in the event that by the deadline for submitting the personal income tax return it has been notified to the tenant out-of-court termination of the lease, due to non-payment of rent or extra- judicial harassment , for the payment of the due rents.
Advance tax
We also expect to legislate the reductionof advance tax from 100% to 55% for all natural persons engaged in business activity and from 100% to 70% for legal persons and legal entities.