Internal Revenue Service

Traffic fees: New type of fines instead of extension await latecomers

End to extensions for circulation fees! Vehicle owners are being asked to pay them by December 31, with the total amount coming to €1.25 billion.

The Ministry of National Economy and Finance calls on vehicle owners to complete payment by the end of the year, reminding that in case of late payment, staggered surcharges will be applied as follows:

Dentists, taxi drivers, plumbers & restaurant owners report incomes of less than €1,000

The practice of declaring losses or meager income, according to an analysis of their tax return data continues. Those who appear by far the most penurious to the IRS are bar owners, followed by restaurateurs and those who own car repair shops.

Pierrakakis: School Damages by Students Could Lead to Parental IRS Debt

The eleven changes that will take effect from the start of this school year were mentioned by Kyriakos Pierrakakis speaking on ERT Thursday night with the minister of Education to make a specific reference to both how damages caused by students in schools will be restored and the issue of mobile phones and the penalties for their use.

2024 tax returns: the extension, the new deadlines and what to watch out for

The percentage of taxpayers who have filed their tax returns reached 97% by yesterday, with the new deadline set for August 2.

In total, some 6,235,000 taxpayers have already filed tax returns.

The August 2 deadline also applies to those who wish to correct their return by filing an amendment.

Tax returns: Pensioner received a notice to pay €9,800 and turned it into a tax refund

A retiree was informed that his tax return (as he had chosen) had automatically been filed and that he would have to pay income tax of €9,809, an amount apparently not attributable to his income. What had happened? Because of purchases he made last year he got caught in the tax pinch, he left the pre-filled return to be filed and when he saw the statement he couldn’t believe his eyes.

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