Independent Authority

Taxpayers' new arrears to the state exceeded 2.44 billion euros in May, the Independent Authority for Public Revenue (AADE) said in a report this week.

Although the total arrears fell to €104.8 billion in May from €107.7 billion in April, the number of taxpayers with debt rose to 4,471,762 in May from 3,687,278 a month earlier.

The Climate Crisis and Civil Protection Ministry, in collaboration with the Ministries of Finance, Interior, and Labor, as well as the Independent Authority for Public Revenue (ADAE), has introduced a comprehensive package of thirteen measures aimed at providing support to households, businesses, and agricultural ventures affected by the recent wildfires.

The competent services of the Single Social Security Entity (EFKA) are asked to cross-check the debts of individuals and businesses that exceed 150,000 euros, in order to update the data by August 4 so that they can be made public without errors.

The Independent Authority for Public Revenue (AADE) is sending over 15,000 past tax notices to taxpayers found to have concealed income or even failed to file returns.

In fact, the tax will be calculated "by estimate," based on the data and information available to the tax authorities.

The property status form (E9) of taxpayers will be automatically updated after the sale or purchase of a property. The Independent Authority for Public Revenue (AADE) has automated the processes and the E9 form will now be digitally updated for property sellers and buyers. 

About 70% of total overdue debts to the tax authorities comes from businesses, according to the Independent Authority for Public Revenue (AADE) data analyzed by the Parliament Budget Office.

Home sales are on track for a figure approaching 170,000 this year, meaning they will record the highest volume of sales since the late 2000s.

The intense social media activity of certain popular influencers has led the Independent Authority for Public Revenue (AADE) to inspect those who directly or indirectly advertise products. The focus is on whether the income they earn from advertising products on Instagram, TikTok and Facebook is declared in their tax returns. 

Eight out of 10 applications submitted under the new 36- to 72-installment arrangement are rejected by the electronic system of the tax administration, as those interested in joining it usually do not meet the terms and conditions. The biggest problem they face concerns the condition of not having any unregulated debts before November 2021.

Over a million property owners will be exempted from paying the Single Property Tax (ENFIA) this year, either because of low income and assets or because they live in areas affected by natural catastrophes.

An analysis of data from the Independent Authority for Public Revenue (AADE) also shows that compared to 2018, there are 171,703 fewer people that will need to pay ENFIA in 2023.