The curtain for this year’s tax declarations for approximately 9 million taxpayers (individuals) has been raised by the Independent Authority for Public Revenue (IAPR).

The planned installments for settling the debts are 8 and extend until February 2025.

Moreover, if someone chooses to pay the entire due amount at once, they are entitled to a 3% discount.

Every individual is obliged to submit a tax declaration if they have their tax residence in Greece, have reached the age of 18, regardless of whether they are a dependent member or not.

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Tax Declarations

For 8.5 million taxpayers

Submission deadline: July 26

Tax payment in 8 installments

1st installment: end of July

8th installment: end of February

One-time payment: 3% discount

Tax Declarations: Changes for 1.7 million taxpayers

1.) Automatic submission for 1 million taxpayers if:

– No changes in their family or financial status

– Their income is solely from salaries and pensions

2.) Application of specific determination for 735,320 self-employed individuals and sole proprietorships:

– 405-406: Below the minimum net income

– 443-444: Dispute of the minimum net income

– Businesses up to 3 years old are exempt. In the 4th year, 33% is calculated, and in the 5th year, 67%.

Calculation per year of operation:

6th year: €10,920

7th – 9th year: 10% increase

10th – 12th year: 20% increase

– Over 12 years: 30% increase

Employees’ and retirees’ earnings are included

– Losses from previous years are offset only against the declared income

– The average turnover of individual businesses has been posted

3.) 50% reduction in business tax

4.) 3% discount for one-time payment until the end of August