Important changes in 11 fields which concern the submission and clearing process of tax returnsthe new tax law brings, establishing from 2025 strict timetables, graduated tax credits for early filing, new framework for separate returns, heavy fines for public and private entities that delay the transmission of data to AADE, and expansion of pre-cleared declarations.
The timetable for submitting tax returns will now be fixed. The tax filing period starts from March 15th and ends on July 15th every year, and defaulters, taxpayers and filers, will face severe fines.
According to ertnews, taxpayers who submitted separate returns this year will not need to enter the AADE platform until February 28, unless they wish to withdraw their choice. On the contrary, those who submitted a joint declaration this year and want to get a “tax divorce” in 2025 should declare it to AADE by the end of February.
Under the new framework, it is possible to change the liable party on the spouses’ joint returns, but the tax and contributions continue to be assessed separately, with the responsibility to pay remaining individual for each spouse.
Taxpayers who make a one-off payment of income tax by July 31 are entitled to a discount, depending on the date of submission of the return:
- 4% discount for submission from March 15th to April 30th.
- 3% discount for submission from May 1st to June 15th.
- 2% discount for submission from June 16th to July 15th.
For more than 1.3 million taxpayers, mostly salaried and pensioners, the returns will be pre-filled, and if not amended, will be submitted automatically on April 16.
If the taxpayer does not submit the tax return on time, the tax administration will proceed with an estimated tax assessment based on the data available to it (standard of living, professional activity, data from similar activities).
Income tax can be paid in 8 equal monthly installments, with the first due by July 31 and the subsequent due by the end of each subsequent month.
“Bells” will be ringing for heads of public bodies who do not send the necessary data to AADE in time for the pre-filling of the declarations. Fines start at 2,500 euros and increase by 50 euros for each day of delay.
In the event that AADE does not activate the declaration submission platform by March 15, fines are foreseen for the governor and the relevant employees.
Banks, insurance companies and other private entities that do not transmit data to AADE in a timely manner face fines from 20,000 to 100,000 euros, with the violations being made public.
The income and expenditure codes on the E3 form submitted by self-employed, self-employed and sole traders will now be pre-filled and ‘locked’. The process is based on the data posted on the myData platform, with the result that there is no possibility for modifications.