Taxation: The plan for changes in self-employment assumptions

Taxation: The plan for changes in self-employment assumptions

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Important changes come in the way citizens are taxed daring way. As revealed by Mega, the government plans and expects to implement within the next months, the reformation of living standards from zero and at the same time their horizontal reduction of 30% from 2025.

At the same time in 2025 (for the year 2024) the presumptive income for the self-employed will be adjusted, because it is linked to the adjusted minimum wage.

Evidence from professionals: What changes are being considered

What is available

Annual minimum professional fee:

0-3 years of work: €0

4 years: €3,603

5 years: €7,316

6 years: €10,920

7 to 9 years: €12,012

10 to 12 years: €13,104

Over 12 years: €14,196

Exemption from minimum wage: Farmers, “Blocks”, Disabled >80%

50% reduction in minimum wage:

* Disabled: 67% to 79%

* 1st Residence: In villages or islands

* Single children: With minors

Parents: Older children or disabled children > 67%

What is considered change

Less deduction: Minimum imputed salary

Consider: Family income

Easier process: Challenging evidence

Usage: Artificial Intelligence

Intersections: Through myDATA elements

Antonis Mouzakis, a tax expert, spoke to “MEGA weekend” about the new measure.

“In the inclusion of revenues, I agree as well as the fact that through the crossings, any burden that should come should arise. The measure as it comes, the state will not collect the same in 2024. I am not in favor of this measure. I believe that the measure will not be crowned with success. The measure has logic”.

The data

Figures from 75,166 tax returns submitted by the self-employed and self-employed show the following:

  • Almost 51% of professionals or 37,943 taxpayers fall within the income presumption. In other words, the taxable income they declared is lower than the minimum presumptive income as a result of which they are taxed based on the presumption and have to pay an additional amount of tax compared to the previous years that they declared as “poverty” income. .
  • Professionals, despite the “raised” invoices, keep their distance from the AADE platform, where they have the possibility to dispute the supposed income either for objective reasons or by requesting a audit.

Conduct an audit

It is noted that self-employed people who believe that they are wrong about the minimum presumptive income have the possibility to request an audit by disclosing, however, detailed information on their income and property status as well as the expenses of livelihood.

In this context, they must fill out a questionnaire about their sources of income, bank accounts, debit, credit and prepaid cards, cryptocurrencies, foreign travel, school fees, cash and even spending on insurance premium, electricity, water and telephone.

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