TAX RETURNS PORTAL TO OPEN IN JUNE - DEADLINE WILL BE 31 OCTOBER TO AVOID A FINE - Filenews 9/6 - by Eleftheria Paizanou
The submission of employee and self-employed income returns for the tax year 2025 is expected to begin soon. According to a decision of the Council of Ministers, the deadline for submitting tax returns will be October 31.
Therefore, taxpayers will have about four months to comply and submit additional income returns. This year, the submission of tax returns was delayed due to the tax reform that has been implemented since the 1st of the year and the changes made by the private company to the Tax For All computerized system, which incorporates all the changes in the modern system of the Tax Department.
It is worth noting that the original plan was for the tax returns for 2025 to be submitted through Tax For All, however due to the upgrade of the computerized system, these will be submitted, i.e. this year, through the existing TAXISnet system. Therefore, the process of submitting tax returns and the relevant returns will be exactly the same as they were in previous years.
As "F" is informed, within the month the income declarations of employees and self-employed will be posted on the page of the Tax Department for taxpayers to fill in, submit and pay relevant taxes. It is recalled that taxpayers with annual incomes over €19,500 are obliged to submit the tax return for 2025, as before the implementation of the new tax data of the reform, the tax-free rate was at these levels. Those who submit their tax returns after the deadline of October 31 will be charged with a fine of €100.
From next year with the new data
At the same time, the procedures from both a private company and the Tax Department for the 2026 tax returns, which will include all the provisions of the tax reform, i.e., tax deductions, change of tax scales and the uncredited, are feverish. That is, the submission of tax returns for 2026 will be submitted within 2027, while the deadline will be July 31 of the same year.
The tax-free income has increased to €22,000. Taxable income is the net amount taxed, after deductions of exemptions and deductions. The tax scales from the tax year 2026 are as follows:
-Imposition of a 20% tax on incomes from €22,001 to €32,000
-Imposition of a 25% tax on incomes of €32,001 up to €42,000
-30% taxation for annual incomes of €42,001 up to €72,000
-35% taxation on incomes over €72,000
Under the tax reform, the granting of personal deductions is based on marital status and income criteria. The tax deductions received by taxpayers for each child or student are €1000 for the first child, €1250 for the second child and €1500 for more than three children.
In addition, deductions of €2,000 from income tax are granted for mortgage interest for a main residence and for rents, as well as €1000 for green investments for a main residence and for the purchase of an electric vehicle. A condition for tax deductions is the annual income of the family, as for 1-2 children the total earnings should be €100,000, for 3-4 children the annual income should be up to €150,000 and for more than five children, the family's income should be up to €200,000. Next year, taxpayers aged 25 to 71 will be obliged to submit tax income.
