Tax refund

Instructions for those who want to check before they pay – The 11 installments increase if the tax is settled

Tens of millions of euros related to value-added tax refunds remain unclaimed from the tax authorities. According to information, the traces of the beneficiaries have been lost by the tax office and none of them has come forward to inquire about them.

Property owners and managers who rent out properties through short-term rental platforms such as Airbnb and Booking.com, freelancers who will activate their card terminals for the first time from January 2024, the 20,000 professionals with low incomes but high gross profits, and those who bought real estate with cash will be the priority for inspections by the Independent Authority for Public R

Self-employed professionals who declare incomes of less than 10,000 euros will be targeted by the tax authorities immediately after the end of the tax return submission process, which ends on August 31.

The first professions to be put through the auditing wringer include plumbers, electricians and all occupations related to construction in general, as well as taxi drivers.    

A 3% discount on the total amount of income tax will once again be available this year to taxpayers who pay it all at once by July 31, according to an amendment to the omnibus bill of the Ministry of Finance.

It is noted that the platform for submitting tax declarations is expected to open on March 30 this year, while the deadline for submitting income tax returns will be June 30.

Tourists visiting Turkey made more shopping in the first seven months of 2019, compared to the same period last year, according to a shopping tax refund firm's Turkey branch.

Taxpayers and enterprises are still waiting for rebates totaling 1.8 billion euros from the Greek state. This is aggravating the liquidity problems of both households and the market, with Finance Ministry data showing that thousands of enterprises have been waiting more than four years for value-added tax refunds.

Greece's Independent Authority for Public Revenue (IAPR) is reportedly planning to send thousands of notices to taxpayers who amended their initial tax declarations and managed to either significantly reduce their due tax or to secure large tax refunds due to suspicion of widespread tax fraud.

Taxpayers have paid taxes of almost 1 billion euros using credit cards this year, reflecting the growing difficulty people face in covering their living costs.

The government's plan for a long-awaited bill on incentives to encourage Greeks to use credit or debit cards includes an additional tax-free amount for taxpayers who use them for more than 80 percent of their annual expenditure, tax discounts for medical expenses paid by card, and new limits for electronic transactions between corporations.