Filenews 21 April 2023 - by Eleftheria Paizanou
The income tax returns of individuals and legal entities for the tax year 2022 are expected to be posted in the coming weeks in the system of the Tax Department.
Despite the operation of the new electronic platform Tax For All (TFA) since last March, income tax returns will be submitted, as in previous years, through Taxisnet. This is because, for the time being, the implementation of the first phase of the Single Tax Management System of the Tax Department, Tax For All, concerns only VAT.
Income tax returns through Tax For All will be submitted in 2024, when the other two phases of the system become operational.
Therefore, this year individuals will be able to submit their tax returns for the 2022 tax year from late April to early May until July 31, 2023. Legal entities will be able to file tax returns until March 31, 2024.
Extension until 10/5
Meanwhile, a total of 30,000 taxpayers have submitted their VAT returns through Tax For All and at the same time made the required payments. Yesterday, the Department of Taxation decided to grant an extension until May 10, 2023 for the submission and payment of VAT for the tax period December 1, 2022 until February 28, 2023. The initial deadline for filing expired on April 10 and, according to Tax Commissioner Sotiris Markides, the extension will make it easier for taxpayers to familiarize themselves with the new online platform.
The Superintendent, speaking to "F", expressed his satisfaction with the response of taxpayers. He also said that, through the extension that has been given, the remaining 15,95. taxpayers will be able to submit VAT returns without problems. According to the Commissioner of Taxation, the Department, through the new platform, has collected VAT amounting to €3 million. As he noted, the extension will make it easier for taxpayers to transition to the new system. At the same time, the Superintendent said that 500,000 requests for VAT refund were submitted, of which 100,000 have been implemented.
As he said, the Department has proceeded with a VAT refund in excess of €12 million. and in the immediate future the amount will increase. He also indicated that the Tax Department has cleared a large number of corporate tax returns for the tax year 2020. A total of 90,000 have been submitted. Of which, as he said, a small number have not been cleared. Concluding, he said that with these clearances, the Department is now "on time", as only the declarations of companies submitted by the end of March for last year's tax year will be pending.
