Tax returns submitted through old system

The online tax statement platform Taxisnet will be open to receive individual and corporate income tax statements for the year 2022 in the coming weeks, according to the Tax Department.

Despite the state’s updated tax platform Tax for All going live in March, 2022 tax return statements will be submitted to the old platform Taxisnet.

Currently the Tax for All platform can only cater to VAT statements.

The Tax For All platform will be going live for income tax return forms in 2024, when the next two phases of the scheme come into operation.

Therefore, this year people must submit tax return forms for the tax year 2022 from the end of April – beginning of May until July 31, 2023.

Companies will be able to submit tax returns until March 31, 2024 .

Meanwhile, a total of 30,000 taxpayers have submitted their VAT returns through Tax For All while making the required payments.

The Tax Department granted an extension until 10 May for the submission and payment of VAT for the tax period 1 December 2022 to 28 February 2023.

The original submission deadline ended on 10 April but, according to Tax Commissioner Sotiris Markides, quoted by Phileleftheros daily, an extension has been given to make it easier for taxpayers to familiarise themselves with the new online platform.

Markides said that, through the extension that has been given, the remaining 15,000 taxpayers will be able to submit their VAT returns without any problems expected.

According to the Tax Commissioner, the Department, through the new platform, has collected EUR 95 mln in VAT.

As he noted, the extension will make it easier for taxpayers to transition to the new system.

At the same time, the Commissioner stated that 3,500 VAT refund requests were submitted, of which 2,100 have been pushed through.

The Department has proceeded with a VAT refund in excess of EUR 12 mln.

The Commissioner also indicated that the Tax Department has proceeded to clear a large number of tax returns of legal entities for the tax year 2020.

A total of 90,000 company tax return statements have been submitted, with the majority being cleared.