Tax Filing in Greece Surpasses Expectations

The pace of tax filing in Greece has exceeded all expectations, just two weeks after the Independent Authority for Public Revenue (AADE) launched its electronic platform. More than half a million taxpayers have already pressed the submission button, marking a significant acceleration in the process.

As of March 29, a total of 549,973 tax returns had been filed, with more than half of these returns resulting in a zero balance, while approximately one in four taxpayers qualifying for a tax refund. This outcome has led to a substantial number of citizens receiving reimbursements.

For the first time, this year’s tax filing deadlines are strictly defined, with no extensions planned. Additionally, the AADE is expediting tax refunds through fast-track procedures. Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025.

For those submitting after April 30, the discount will revert to the standard 3% applied in previous years, except for those filing within the final month of the deadline, from June 16 to July 15. These late filers will receive a reduced discount of 2% if they choose a lump-sum payment.

A notable innovation this year allows 1.5 million employees, pensioners, and other taxpayers—excluding freelancers, farmers, landlords, and business participants—to have their tax returns automatically filed by the AADE on April 25, 2025. This initiative spares them the need for an accountant and the associated fees.

However, these taxpayers retain the right to review their returns via the Taxis system using their personal credentials. They can either verify and submit their returns earlier than April 25 or make necessary modifications before allowing the AADE to proceed with submission on the designated date.

The first round of tax refund offsets against outstanding liabilities is scheduled for April 5-6, 2025. This streamlined process ensures greater efficiency in handling tax obligations.

Taxpayers who maintain compliance without pending tax or social security debts will receive their refunds within a week of submission. However, those with outstanding liabilities will see their refunds automatically offset against their dues by the AADE, ensuring a fair and efficient financial reconciliation process.

Source: tovima.com