A little bit of summer laziness and a little bit of a last-minute bad habit is expected to lead hundreds of taxpayers to run the last minute to submit their employee and self-employed income returns for the tax year 2025.
So far, only 24.6% of taxpayers have proceeded with the final submission of their tax returns. It is recalled that the submission of income declarations began in mid-June and will be completed [and paid] by October 31.
According to data from the Tax Department, of the 337,400 taxpayers who submitted income returns last year, for the tax year 2025, 83,190 have submitted their final returns. Of these, 76,000, 7,190 are self-employed. Also, another 15,280 taxpayers have temporarily received their tax returns, of which 13,640 are employees and 1,640 are self-employed.
It is worth noting that the total number of taxpayers who have processed their tax returns amounts to 98,470, of which 89,640 are employees and 8,830 are self-employed. Therefore, about 28.7% have processed, either in one way or another, the declaration of an employee or self-employed person for 2025.
The tax base is being broadened
Last year, specifically for the tax year 2024, the total number of tax returns of a person without an account that were processed had amounted to 342,600. Of these, 337,400 income declarations had been submitted definitively. Therefore, 5,200 taxpayers had to be charged with a financial penalty of €100. For the 2025 tax year, it is estimated that the number of tax returns submitted will increase slightly, due to the continuous expansion of the tax base.
Superintendent: Don't wait until the last minute
The Commissioner of Taxation, Sotiris Markides, appealed to taxpayers to submit their tax returns within the deadlines. In fact, he called on them not to wait until the last minute, so as not to affect the computerized system of the Tax Department.
He reminded, at the same time, that the temporary placement of income declarations does not entail final submission, stressing that those who do not comply by October 31 will be asked to pay a fine. It is recalled that, in the context of the tax reform, the fine for not submitting the tax return has been increased to €150. Those with incomes over €19,500 are obliged to submit a tax return for 2025.
[Note also, that even if you do not pay income tax, once you start paying the defence levy you will be required to submit an annual tax return, in addition to the two defence levy returns]
Last time via TAXISnet
It is worth noting that this year too, the tax returns for the tax year 2025 will be submitted through the existing TAXISnet system, while the process of completing the returns remains the same as in previous years.
It is the last time that tax returns are submitted through TAXISnet, as from next year and specifically for the tax year 2026, they will be submitted through the new Tax For All system.
In addition to the change in the procedure, the returns for the next tax year will include all the provisions of the tax reform, i.e. tax deductions, changes in tax scales and an increase in the tax-free allowance to €22,000.
