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Reminder for provisional tax for the Year 2022 We would like to remind you that the 2nd instalment of the temporary tax for 2022 is due for payment by 31st December 2022. The temporary tax is calculated by applying the relevant tax rates (depending on whether the taxpayer is a legal entity or an individual) on the expected taxable income for the year and is payable in two instalments: 31st July 2022- 1st instalment 31st December 2022(payable until 31st January 2023)-2nd instalment If any of the two instalments is not paid within 30 days from the due date, interest at the rate of 1.75% per annum is imposed. In addition, in case of a delay payment , a flat 5% penalty on the tax due is payable. If the tax due remains unpaid for a period of two months following the end of the settlement periods as mentioned above, an additional penalty of 5% is charged. The payment of the temporary taxation can be done through the JCC website (Code 0200), at the following link jccsmart.com , or through the tax portal. Revision of temporary tax assessment for 2022 By 31st December 2022 the taxpayer can revise the calculation of the temporary tax for 2022 by submitting the form TD6(Companies) and T.D.5(Individuals). In case of an upward revision of the provisional taxable income declared, interest at 1.75% per annum would be imposed on the additional amount of the first provisional tax instalment. In case of a downward revision, forms T.D.5(Individuals) and T.D.6 (Companies) should be sent to the local District Tax Collection Offices via e-mail. The tax refund can be claimed back only after the submission of the final tax return of the year. 10% additional penalty in case of low estimation of the temporary tax In case the temporary tax calculated and paid is lower than the 75% of the final tax of the year, the taxpayer must pay an additional penalty of 10% on the difference between the temporary tax and the final tax. How we can help We remain at your disposal for the calculation of the temporary tax for the year as well as with payment process.

ΕΝΑΡΞΗ ΥΠΟΒΟΛΗΣ ΤΗΣ ΔΗΛΩΣΗΣ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ ΓΙΑ ΤΟ ΦΟΡΟΛΟΓΙΚΟ ΕΤΟΣ 2021 Το Τμήμα Φορολογίας ενημέρωσε ότι, έχει αρχίσει η υποβολή της Δήλωσης Εισοδήματος Ατόμου για το φορολογικό έτος 2021, μέσω του συστήματος Taxisnet. Με βάση Διάταγμα του Υπουργικού Συμβολίου (ΚΔΠ 51/2022) υποχρέωση υποβολής Δήλωσης Εισοδήματος Ατόμου για το φορολογικό έτος 2021 έχουν Μισθωτοί, Συνταξιούχοι και Αυτοεργοδοτούμενοι των οποίων το μικτό ολικό εισόδημα για το φορολογικό έτος 2021, υπερβαίνει το ποσό των 19,500 ευρώ. Η τελευταία ημερομηνία εμπρόθεσμης υποβολής της Δήλωσης Εισοδήματος Ατόμου για το φορολογικό έτος 2021 και πληρωμής του οφειλόμενου φόρου χωρίς τόκους και επιβαρύνσεις , είναι η 31η Ιουλίου 2022. Πως μπορούμε να σας βοηθήσουμε Παραμένουμε στην διάθεση σας για οποιαδήποτε βοηθεία χρειάζεστε για την ετοιμάσια και υποβολή της Δήλωσης Εισοδήματος και πληρωμή τυχόν φόρου που μπορεί να προκύψει.  

Reminder for provisional tax for the Year 2021 We would like to remind you that the 2nd instalment of the temporary tax for 2021 is due for payment by 31st December 2021. The temporary tax is calculated by applying the relevant tax rates (depending on whether the taxpayer is a legal entity or an individual) on the expected taxable income for the year and is payable in two instalments: 31st July 2021- 1st instalment 31st December 2021-2nd instalment If any of the two instalments is not paid within 30 days from the due date, interest at the rate of 1.75% per annum is imposed. In addition, in case of a delay payment , a flat 5% penalty on the tax due is payable. If the tax due remains unpaid for a period of two months following the end of the settlement periods as mentioned above, an additional penalty of 5% is charged. The payment of the temporary taxation can be done through the JCC website (Code 0200), at the following link jccsmart.com , or through the tax portal. Revision of temporary tax assessment for 2021 By 31st December 2021 the taxpayer can revise the calculation of the temporary tax for 2021 by submitting the form TD6(Companies) and T.D.5(Individuals). In case of an upward revision of the provisional taxable income declared, interest at 1.75% per annum would be imposed on the additional amount of the first provisional tax instalment. In case of a downward revision, forms T.D.5(Individuals) and T.D.6 (Companies) should be sent to the local District Tax Collection Offices via e-mail. The tax refund can be claimed back only after the submission of the final tax return of the year. 10% additional penalty in case of low estimation of the temporary tax In case the temporary tax calculated and paid is lower than the 75% of the final tax of the year, the taxpayer must pay an additional penalty of 10% on the difference between the temporary tax and the final tax. How we can help We remain at your disposal for the calculation of the temporary tax for the year as well as with payment process.

Special Defence Contribution due for 2021 31st December for 2021 is the deadline for the payment of the SDC and GESY (wherever applicable) for the 2nd semester of 2021 on rental income which has not been withheld by the tenant, on overseas bank interest income and on any dividends which may be subject to SDC. Interest at the rate of 1.75% per annum is imposed from the first day after the end of the six-month period  (interest is calculated on a daily basis). The payment of the SDC and GESY can be done through the JCC website or through the tax portal. How we can help We remain at your disposal for assisting you with the calculation and payment of the SDC and GESY for the 2nd semester of 2021.

Extended deadlines for the submission of tax returns and payment of the final tax as per the relevant income tax return We would like to inform you that in accordance with the Decrees issued on 30 July 2021, certain tax deadlines are extended as below: Electronic submission of the 2020 personal income tax return by employees and pensioners (Form TD1-Employee) whose annual gross income exceeds € 19,500,and payment of the final tax due, as per the relevant income tax return. -Extended deadline: 30  November 2021   Electronic submission of the 2020 personal income tax return by self-employed individuals (Form TD1-Self employed) with turnover that does not exceed the amount of  €70,000 and who do not have an obligation to prepare audited financial statements, and payment of the final tax due, as per the relevant income tax return.-Extended deadline: 30  November 2021   Payment of the final tax due (as per the relevant income tax return) for tax year 2020 for companies and self-employed individuals with turnover that exceeds the amount of €70,000 and with an obligation to prepare audited financial statements.-Extended deadline: 30  September  2021 The Tax Department has also announced that , the submission of the 2020 personal income tax returns for employees and pensioners as well as for self-employed individuals with turnover that does not exceed the amount of €70,000,is now available through Taxisnet.