Monthly Archives - June 2024

June 2024

Αύξηση φορολογικής έκπτωσης ασφαλίστρων για σχέδια ιατροφαρμακευτικής περίθαλψης

The Department of Taxation issued on May 30, 2024, Circular 3/2024  regarding the tax handling of insurance premiums for medical care plans. The Circular provides clarifications regarding the tax treatment of the payment of insurance premiums in medical care plans by individuals for their own coverage and by employers for the coverage of their employees. According to the circular, the plans offered by insurance companies supervised by the Commissioner of Insurance or by organized Funds of employers or professional branches with separate legal personality, are considered to have the approval of the Commissioner of Taxes provided that the tax deduction is granted as follows: Until tax year 2023: providing a deduction, from the...

The Income Tax Return for the year 2023 is now available for submission / H Δήλωση Εισοδήματος Ατόμου για το έτος 2023 είναι τώρα διαθέσιμη για υποβολή

The Tax Department announced on 20 May 2024, that the electronic Income Tax Return for employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) for the year 2023 is available for submission, via the TaxisNet system.​ It is noted that, the obligation to submit an Income Tax Return for the year 2023, arises only when the annual gross income of natural persons exceeds the amount of €19.500.​ The deadline for the submission of the Income Tax Return for individuals for the year 2023 and the payment of any tax due without interest and penalties is on 31 July 2024. Remaining at your disposal should you have any questions. ACUTE...