Professional fee is halved

The draft law on the taxation of self-employed professionals is being submitted to Parliament with small but essential corrections.

Based on feedback from 2,800 professionals and suggestions from agencies, the finance staff decided to halve the 2024 fee for practicing a profession ("telos epitidevmatos"), implement a 50% reduction on presumptive income for single-parent families and disabled people, and a full exemption for disabled people with a disability rate of over 80%.

Also, in the final text it is made clear that the presumptive income can be objected to by all taxpayers. It is up to self-employed professionals to challenge the amount resulting from the presumption of a minimum income. They would be required to request an audit by the tax authorities to prove the accuracy of their declaration of income as less than the presumed one.

Finally, the method...