In applying the measure of filing a statement VAT “With the Month” For all businesses and freelancers who will start activity from April 1, 2025 and then proceed with the proceeds finance ministry and the Independent Public Revenue Authority (AADE).
From now on, even businesses with simplified data (formerly 1st and 2nd Class Books), which make VAT declarations of a quarter, will be forced to submit and pay VAT for their first two years of operation every month. The measure will also apply retroactively to newly established businesses that have been opened from 2024 onwards, although they have already begun to submit VAT every quarter. While gradually, from October, it will be extended to old existing businesses, if they choose it themselves. In any case, however, they will also be able to return to the regime by quarter, as it generally applies to businesses.
“They disappear” VAT!
According to his information “THEME”these decisions were taken during the meeting they had on Friday Minister of Finance Kyriakos Pierrakakis and the AADE Governor George Pitsilis. This measure was decided, primarily, to deal with cases with Fotovolis, which are part of a VAT declaration of VAT for a quarter instead of a month, start the tax office and issued or declare all their transactions, but very soon (usually in less than six months).
The trick with virtual businesses and “missing traders” tends to take dimensions and not only concerns some seasonal companies that “open” occasionally, but petty or even organized circuits that openly open businesses, with the main purpose of “eliminating” all the VAT who receives – or to set it on by paying only the first installment – and immediately stop giving life signs and finally close before they can be checked.
Typical such cases are mainly newly established catering, bar and nightclubsbut even mobile phone selling companies etc. Many times, even when auditors find that they have been in violation of all kinds, when they attempt to impose the sanctions provided they find that the business has closed and the manager has disappeared! The corporate entity no longer exists and, as a result, the fines cannot be collected, nor can at least one euro be reimbursed by the value added tax that these businesses have already received!
Now, by submitting a VAT statement per month, AADE reduces its reaction time so that it can prevent such phenomena. Indeed, in order to prevent the setting up of the closure companies that are closed before being controlled, the institution of “temporary identification” of tax and infringements, that is, “preventive” fines in businesses before the tax period, was closed for which the tax period.
Extension from July
The measure will also extend to those businesses that have started from 2024 to 31 March 2025, but with the Obligation to submit VAT “with the month” Start for them from July 1.
This decision, however, does not mean that a plan is concealed so that all other businesses with simplified companies that are currently forced to be forced to submit VAT each month. On the contrary, competent sources clarified in “THEME” That, even for the newly established companies that will be subject to the “per month” regime, they will also be allowed, when they are completing a two -year operation, to choose to submit VAT in quarterly, if they wish and consider it better.
From October whoever wants!
Along with his decision Mr. Pitsiliswhich is expected to be issued in the coming days, will be given the opportunity to declare VAT per month, optionally, from 1/10/2025 and any other business today submits it every quarter. The aim is to facilitate businesses in managing their liquidity so that they do not “carry” and manage the amounts from VAT for 90 days, with any disorder or difficulty causing it to their fund, especially when it comes time to pay the public.
Photo: Eurokinissi