The income tax assessed this year for taxpayers with a debit settlement note is breaking the bank. With the curtain on personal tax returns falling on Friday 2 August, a tally of tax returns already filed shows that this year the total amount of income tax to be assessed will exceed 4 billion. euros against 3.8 billion euros in 2023.
In fact, although there are still about 300,000 declarations left to submit, the average tax amounts to 1,856 euros, when last year the amount based on the final settlement was 1,585 euros, that is, it is already higher by 17%. The increase in tax is attributed both to the increased incomes declared by taxpayers and to the presumptive taxation system of freelancers and the self-employed.
In particular, from the liquidation of 6,197,775 tax returns that had been submitted until yesterday morning, it appears that 34.34% or for 2,128,315 taxpayers the result is a debit with the total amount of extra tax amounting to 3.952 billion. euros and on average for each one at 1,856 euros.
For 19.6% of all tax declarations or for 1,214,763 the result is a credit with a total refund amount of 425.253 million euros or 350 euros on average. For 46.06% or for 2,854,695 declarations the result of the liquidation is zero.
Tomorrow, Wednesday, July 31, is the deadline for its payment fourth installment of ENFIA but also the one-time payment of income tax for taxpayers who want to earn a 3% discount.
First installment
The payment of the first of the 8 installments of the income tax should be made by Friday, August 2 for natural persons and by August 9 for legal entities.
More doses
If the tax bill is heavy and the eight installments provided by the law for the payment of income tax are deemed insufficient, taxpayers have two other solutions:
1. Pay the tax in 12 interest-free installments by credit card. Those who hurry and make the payment by tomorrow July 31 will secure the 3% discount.
2. Inclusion of the debt in the permanent regulation of the tax office. The tax can even be “broken” into 24 installments, which, however, bear interest. The interest rate of the fixed arrangement for the repayment of tax debts in up to 12 monthly installments amounts to 4.34%, while those who choose 13 to 24 installments the interest rate is 5.84%.
Fines
Taxpayers who will miss their appointment with the tax office and will submit the declarations either initial or amending by the deadline, and if the tax resulting from the declaration exceeds 100 euros will be asked to pay fines from 100 euros if they do not carry out business activity, 250 Euros if they carry out business activity keeping simple books and 500 Euros if they do business with double books. In addition to the fines when the original overdue declaration is debited, a fine of 0.73% is imposed for each month of delay from the due date of tax payment.
Source: ot.gr
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