The final changes will be finalized today in a meeting chaired by Kostis Hatzidakis
The road to Parliament takes until the middle of the week the new tax bill with the financial staff having decided to proceed with targeted interventions in the new taxation regime 735,000 freelancers which will reduce the burden.
According to reports, changes they concern the turnover surcharge factors, the calculation of the minimum presumptive income for certain categories of taxpayers and the contestability of the presumption.
The final changes will be finalized today in a meeting chaired by Finance Minister Kostis Hatzidakis after taking into account the comments and observations of citizens and institutions in the public consultation that ends today at 10 p.m.
Beneficiaries of the new interventions it will be the self-employed who declare incomes from 15,000 to 30,000 euros and seasonal businesses, while a more favorable treatment of professionals who are close to retirement is being considered. As the Deputy Minister of Finance Haris Theocharis stated (on ERT) “we are also running the latest scenarios and we see some changes which do not change the philosophy of the bill and the targeting, but rather the ways of calculating the minimum wage in order to improve the burden in all categories ».
The “facelift” in the tax bill will, among other things, concern the following points:
- Rebuttable presumption. Automated procedures are established to dispute it. The self-employed person can appeal to the AADE and request an audit of his business and income, in order to prove that his real income is less than the presumed one. An AADE audit will follow – which may extend to turnover data, income, possibly even bank data – and if the audit proves that the income of the self-employed person is indeed lower than the assumed, then the professional will be taxed on his real income. Based on the current legislative regime, the combatability of the presumption concerns those who are serving their military service, are unemployed, are hospitalized or have suffered a blow from theomen, etc.
- “Haircut” of imputed income markup rates due to turnover to limit the burden on professionals. According to the provision, the minimum wage is increased by a factor when the annual turnover of the self-employed is significantly higher than the average annual turnover of the KAD. These coefficients are:
- 35% for those whose annual turnover is greater than 100% of the average of the annual turnover of the largest income tax authority
- 70% for those whose annual turnover is greater than 150% of the average of the annual turnover of the CA with the highest income
- 100% for those whose annual turnover is greater than 200% of the average annual turnover of the KAD of the largest incomes, with a maximum of 50,000 euros.
3. Reduction of imputed income for specific categories of professionals and individual businesses, such as school canteens, seasonal businesses that are registered with the AADE. For these cases, the assumed income will be calculated based on the months of operation of the business, i.e. with decimals. That is, if the business is open 6 months a year, the minimum income will be halved. Professionals with disabled children and single-parent families of professionals will also have special tax treatment.
