Tax Commissioner: Clearing of declarations until the summer of 2023

The Taxation Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the Declarations cleared by the summer of 2023, according to what the Commissioner of Taxation Sotiris Markidis said to KYPE.

According to the Department's data, from the liquidation of Individual Income Statements for the tax year 2016, a refundable income tax of €12 million and a payable tax of €17 million resulted, while from the Corporate Income Statements for the tax years 2015, 2016 and 2017, approximately €23m refundable income tax and €89m payable income tax.

It is expected in the coming months to clear 600.000 taxes from Individual Income Statements for the tax years 2017 and 2018, and 2019 as well as 160.000 Company taxes for the tax years 2018 and 2019.

"The aim of the Department is, by the next deadline for submission of the Individual and Company Income Statement, to have all the Income Statements of the previous tax years cleared," the Tax Commissioner told KYPE.

In more detail, Mr. Markidis said that with the appointment of a new Tax Commissioner, the clearance of all Tax Returns of both legal entities (companies) and natural persons was set as "one of the highest priorities" of the Department.

"A schedule has been put in place so that with the submission of the company returns for the tax year 2021 in March 2023 and the submission of the individual returns for the tax year 2022 in July 2023, all the tax returns of all previous years and up to the last year for which a Declaration has been submitted", he underlined.

In this context, according to the Commissioner, "in the coming months it is estimated that hundreds of thousands of Declarations will have been cleared" and the result of the clearing of their Declarations will be mailed to the taxpayers.

"Within these frameworks, tax refunds are also made and we calculate that we will also have collections with the taxes that will be imposed", he added.

The Commissioner of Taxation told the KYPE that a "great effort" is being made by the Department to achieve this goal as many human and other resources are required in this endeavour.

Citing the figures so far, Mr. Markidis told the KYPE that to date approximately 273.000 Individual Income Statements for the tax year 2016 have been cleared both through the automated tax collection process and through the collection of taxes by the Department's Officers.

He added that the 74.000 Returns had a refundable income tax of €12m, while around 38.000 tax returns had a payable income tax of €17m.

He noted that in the next few months, more than 600.000 taxes are scheduled to be imposed from the Individual Income Statements for the tax years 2017 and 2018, and 2019.

 Corporate Income Statements

Besides, the Commissioner of Taxation said that in 2022, about 240.000 taxes have been imposed on Corporate Income Statements for the tax years 2015, 2016 and 2017.

He added that the 22.600 thousand taxes had about €23 million in refundable income tax and the 90.600 taxes had €89 million in income tax payable.

"Before the end of the year, it is planned to impose and send another 160.000 Company taxes for the tax years 2018 and 2019", he concluded.

KYPE