Tax declarations: Deadline expires at midnight – What applies to amended returns

Greece's tax filing deadline arrives at midnight tonight, marking the end of the period for submitting this year's tax declarations. Taxpayers also have until the same deadline to file amended declarations, allowing for corrections to any mistakes or omissions in their initial submissions without incurring penalties.

When an amended declaration is submitted, all data from the original forms (E1, E2, E3) are automatically transferred. Taxpayers only need to intervene in specific fields to modify, add, or delete data. The new declaration completely replaces the original, invalidating any previous tax assessment. A new assessment is then calculated based on the updated information, determining the final tax liability.

Alongside the declaration deadline, the payment schedule also counts down. The first of eight installments for income tax must be paid by July 31. Alternatively, taxpayers can opt to pay the entire amount at once and receive a discount of 2% to 4%, depending on when they filed their declaration. Those who submitted by May 15 qualify for the maximum 4% discount.

Failure to submit by the deadline will automatically trigger a penalty, ranging from 100 to 500 euros, depending on the type of declaration and the taxpayer's category. As of Friday morning, 6,606,616 declarations had been submitted. Of these, 35.33% resulted in zero tax, 29.22% showed a credit balance with an average refund of 328 euros, and 35.41% resulted in a tax liability.