Changes to the assumptions of the living map affecting more than 1.5 million taxpayers and corrections to the deemed income of 735,000 self-employed and freelancers who did not change the core of their new considered tax system will come in the fall.
It is expected that Prime Minister Kyriakos Mitsotakis will give the seal to the changes that have been initiated and are expected to be enacted by the end of the year at the International Exhibition in Thessaloniki, who, especially for the presumptive income of freelancers, has opened a window for of developments and measures to resolve possible injustices.
The proof of living
The landscape of the two tax fields is expected to become clearer in September, with information suggesting that the interventions being considered move in the following directions:
Imputed Freelance Income. When the curtain of tax declarations falls, the new system will be evaluated and interventions can be made on the turnover criterion based on which the presumptive income is increased, but also on the payroll cost criterion that, especially in cases in sole proprietorships. which employs staff with many years of employment, significantly increasing imputed income.
It is also likely that family income will be considered and that there will be improvements in the process of challenging the minimum presumptive income.
In particular, under the microscope of the Ministry of Finance can be seen:
- The increase in imputed income of 10% of the annual payroll cost will be borne by those who employ staff.
- The increase in presumptive income is based on the amount of annual turnover of each business. Calculated income as calculated based on the annual minimum wage or, if there are employees, based on the highest wage paid by the business and as increased by 10% of the annual wage costs of the business, if it has employees staff, the additional increase of 5% of the amount where the annual turnover of the business activity with the most income exceeds the average annual turnover corresponding to the Code Number (KAD) of the specific activity.
Minimum wage. It is also excluded that there is an intervention for the burden caused by the adjustment of the minimum wage, which is the basis for calculating the minimum presumptive income. The increase in the minimum wage from 780 to 830 euros raises the minimum presumptive taxable income from 10,920 euros in 2023 to 11,620 euros in 2024.
Evidence of living. With 1 in 4 taxpayers trapped every year in the trap of assumptions, the Ministry of Finance re-examines all presumptive costs from the beginning with a special committee that “runs” the scenarios to submit its proposals on the type and scope of changes with the drafting of a special opinion that he will deliver to the Minister of Finance Kostis Hatzidakis.
The radical change in living conditions will be accompanied by a 30% haircut on average from 1 January 2025 and the goal is to eliminate the distortions and injustices that bring hundreds of thousands of citizens to low that income to pay is not the same high tax as tax. office calculates the tax based on presumptions expenses used for living, cars, houses, purchases of goods, private school tuition, yachts, etc. But the data shows that most of the taxpayers caught in the presumption of living trap are usually low-income earners and retirees who pay more taxes because they live in a house they own or rent and have a car.
The relevant committee considered the changes:
- How to calculate imputed us with a new standard for houses, RVs and yachts.
- In the amount of the minimum living expenses cost of 3,000 euros for singles and 5,000 euros for married people.