Income taxes

The deadline for submission of income tax declarations has been extended to July 29, Deputy Finance Minister Katerina Papanatsiou said on Monday.

The original deadline for submissions had been June 30.

The announcement followed a delay in taxpayers sending their income statements to the authorities. 

For every 10 euros the tax authorities collect, half comes from 5 percent of taxpayers and the other half from the remaining 95 percent, tax data processed by the Independent Authority for Public Revenue show.

The Finance Ministry plans to increase the number of monthly installments for the payment of income tax and the ENFIA property levy.

Speaking to ANT1 TV, Deputy Finance Minister Katerina Papanatsiou said the government wants "some of the taxes to be paid in more installments" in 2019.

Greece's beleaguered middle class is yet again set to bear the brunt of the government's tax policies in 2019.

This has been made abundantly clear in Greece's first post-bailout budget, according to which there will be no easing of pressure on people making more than 15,000 euros per year in taxable income.

The Finance Ministry on Tuesday announced it is extending the deadline for the submission of income tax declarations from June 30 to July 26 due to the huge delays recorded. This concerns both individual taxpayers and businesses.

Accountants are already taking it for granted that the deadline for the submission of income tax declarations concerning last year's incomes will be extended. Sources say it is possible the new deadline will be 30 days later, on July 30, with the following day being the last day for the payment of the first tranche due.

Over 3.3 million taxpayers owe the tax authorities amounts of less than 3,000 euros each. According to figures published by the Independent Authority for Public Revenue, the state conducted 1.72 million confiscations of salaries, pensions and rent payments last year, mostly concerning small debtors.

Contrary to earlier information that taxpayers would have to pay between 0.25 and 0.50 euros for every payment to the state as of this month if made via bank counters, it emerged on Thursday that the charges banks intend to impose on taxpayers using their counters to pay income tax, single property tax (ENFIA), value-added tax etc, will range between 1.10 and 1.50 euros per transaction.

The Finance Ministry's online Taxisnet platform is expected to open in late April to receive the income tax declarations of more than 6 million taxpayers. Taxisnet will accept statements up to mid-July.

Taxpayers will have to pay the first of the three installments of the tax for 2016 incomes by the end of July.

Taxpayers in Bulgaria kicks off on Tuesday, the first workday of 2017.

Personal income and corporate tax returns have to be submitted within the next several months. This can be done both on paper and online, with the latter method implying deductions.