Tax Returns: Discounts up to 4%
, by Κωνσταντίνα Χριστοδούλου, 2 min reading time
The electronic platform for submitting tax returns opened yesterday, Monday, and will remain open until July 15, 2025. Taxpayers who have a debit settlement note have the opportunity to earn a tax discount of up to 4%, provided that they pay the tax amount in a lump sum by July 31, 2025. The discount increases the earlier the return is submitted.
The period for submitting income tax returns for the 2024 tax year began yesterday, Monday, March 17, 2025, and ends on July 15, 2025. However, taxpayers participating in legal persons and legal entities that keep simple books can submit their return until July 31, 2025.
The tax can be paid in 8 equal monthly installments, with the first installment having to be paid by Thursday, July 31, 2025 and the remaining 7 installments by the last working day of the following 7 months.
If the tax is paid in one lump sum by July 31, 2025, the following discounts are provided:
- 4% for declarations submitted by April 30,
- 3% for declarations submitted by June 15,
- 2% for declarations submitted by July 15.
For taxpayers participating in legal persons and legal entities that keep simple books, the corresponding deadlines are:
- 4% for declarations by April 30,
- 3% for declarations by June 15,
- 2% for declarations by July 31.
It is noted that, if an amended return is submitted on time, which results in additional tax, the discount provided on the total amount depends on the date of submission of the initial and amended returns.
The tax can also be paid in 8 equal monthly installments, from July 2025 to February 2026.
Deadlines and Corrections
- Initial Return: Until April 24, 2025.
- Amending Return: Accepted without penalties from April 25 to July 15, 2025.
Abolition of Business Tax for Professionals:
From 2024, the business tax for freelancers is abolished,
reducing the overall tax burden.
Rebates for Property Renovations:
Property owners who have carried out renovations in 2024 are entitled to a tax deduction of up to 3,200 euros for expenses of up to 16,000 euros.
Increased Tax Exemption for Farmers with Children:
The tax-exempt limit is increased by 1,000 euros for farmers with dependent children.
Spouses and Cohabitation Agreements:
Spouses and those who have entered into a cohabitation agreement can submit a joint declaration.
Death Declarations:Death declarations for income in 2024 must be submitted by their heirs by December 31 2025.
Sources:
1. e-forologia - https://www.e-forologia.gr
2. TAXISnet - https://www.aade.gr/taxisnet
Blog posts
