Access to electronic filing of tax returns is already open on the TAXISnet service.

There are “some changes” to the system compared to previous years, the main purpose of which is to implement current legislation and introduce, among other things, fields and codes that relate to the first employment deduction under section 8(21A) of the Income Tax Law (N(118 (Ι)/2002) as amended, deductions for investments in shares of innovative companies, as well as the addition of fields related to the application of the Law on the Prevention and Combating of Laundering of Proceeds from Illegal Activities (N188(I)/2007) as amended, based on which The Tax Commissioner acts as a supervisory authority.

It is noted that the audit of most income/profit declarations of individuals and legal entities up to the 2021 tax year has already been completed, and the audit for 2022 will be completed over the next few months.

WHO IS REQUIRED TO FILE TAX REPORTS?

The obligation to file a return lies with employees, pensioners and the self-employed whose gross income for 2023 exceeds €19,500, and the deadline for filing a personal income tax return for the 2023 tax year is 31 July 2024.

Submitting a return after 31 July 2024 is considered a late submission and incurs a fine of €100.