Everything that Tax Commissioner Sotiris Markidis said
The overall processing, through the Taxisnet system, of Individual Income Statements (T.F.1), without accounts, for the tax year 2023, for the tax year 2023, has risen to approximately 40%, in relation to last year's submission of declarations, the Commissioner told KYPE of Taxation Sotiris Markidis, adding that 105,000 taxpayers have definitively submitted their Declaration.
At the same time, regarding the on-site checks carried out by the Taxation Department to confirm or not the use of residences by applicants for a reduced VAT rate of 5% for purchase/construction of a residence, reported that more than 1,000 checks have been carried out and recovery procedures have been activated, amounting to VAT, in excess of €4 million.
Specifically, in relation to the submission of tax returns, Mr. Markidis said that until Monday 5/8/2024, approximately 121,000 taxpayers have processed their declaration.
“Of these, approximately 105,000 taxpayers have definitely submitted their Declaration and about 16,000 have processed their Declaration and have it in Provisional Receipt”, he added.
The Tax Commissioner emphasized that “in order for the declaration to be considered submitted, it must be Final Submission” and calls on the public to make sure that they have definitively submitted their declaration, “to avoid unpleasant consequences, such as a fine of €100 and a notice for failure to submit declaration with the corresponding consequences”.
Mr. Markidis urged the public as, “if you are not waiting for some certificates to submit your declaration, to proceed with the Final Submission and not wait until the deadline ».
He reminded that the deadline for submitting the Individual Income Statement, without Accounts, for the tax year 2023, is October 31, 2024.
Compliance Campaign with a reduced VAT rate of 5%
In addition, the Tax Commissioner told the KYPE that “a compliance campaign is underway with on-site checks to confirm or not the use of houses by applicants for a reduced rate of 5% VAT for the purchase/construction of a house”.
“The on-site checks have already started and ranks of Tax Department Officers have already carried out the first checks and the total number of checks is estimated to exceed 2,000”, he underlined.
More specifically, Mr. Markidis said that until at the moment more than 1,000 on-site inspections have been carried out, during which “about 5% were found to be inhabited by non-entitled persons and recovery procedures have been activated for an amount of VAT, in excess of €4 million”.
He noted that in a large percentage of on-site checks in residences no residents were detected.
“The increase in tax compliance of the applicants for a reduced VAT rate of 5% seems to have been achieved through the recovery of the amount of VAT owed in the previous two years and by extension the informing the public”, he underlined.
Mr. Markidis urged the public, such as “in the case that either from the beginning or in the process the use of the residence has changed and they are not a beneficiary, to come voluntarily and pay the resulting amount of VAT, either in one lump sum or in monthly installments”.
