Tax returns 2020

The main changes in the new income tax form E1 for the tax year 2019 in relation to the corresponding last year of the tax year 2018, decision A.1070/2020 "Type and content of the personal income tax return for the tax year 2019, other forms and supporting documents was published documents submitted with it". See the main changes in the new income tax form E1 of the tax year 2019 compared to the corresponding last year of the tax year 2018. I. Table 2 (Tax year 2019) a) Changes in the fields with the dates as it happens every year b) Added the word income in code 029-030 It is reminded that codes 029-030 are filled in by the taxpayer in the event that he acquires income and/or has property (real estate or deposits, etc.) abroad and the country is selected or filled in. The above codes are also completed by taxpayers who have invested, through a domestic financial institution, in financial instruments of a foreign issuer (shares, bonds, other securities). c) New codes 039-040 are added which are filled in - by those taxpayers who have come under the regime of Article 5A of Law 4172/2013, regarding the alternative taxation of income arising abroad of natural persons who transfer their tax residence to Greece For taxpayers who made investments, from 12/12/2019 onwards, which are a condition of their inclusion in the regime of article 5A of the Tax Code, no justification is required for the foreign exchange imported as defined in sub. dd' of the case d' of par. 2 of article 34 of the C.F.E. II. Schedule 4B (Tax year 2019) Sub-schedule 4B (income of officers and junior crew E.N.) Income earned by officers and junior crew serving on merchant marine vessels is taxed at a tax rate of 15% and 10%, respectively, and the tax liability of the beneficiaries for these incomes is exhausted. In codes 257-258, 259-260 of Sub-table 4B concerning the remuneration of officers and junior crew of the merchant marine, only the tax withheld on the basis of the salary certificates is entered. Codes 263-264 indicate the net amount of wages of foreign origin (in euros), while codes 267-268 indicate the net amount of wages of foreign origin for junior crew who have the same use as merchant marine officers. III. Table 4C2 (Tax year 2019) The words of codes 403-404 and 409-410 were modified IV. Tables 7 and 10 (Tax year 2019) i. Codes 623-624 were added. Codes 623-624 are completed with the productive investment made by the companies that have made use of the incentives in question, in order to deduct the amount of the exemption from the payment of business activity tax during the current tax year in the context of provisions of Law 3908/2011 (A' 8) (tax exemption Law 3908/2011) and Law 4399/2016 (A' 117) (tax exemption Law 4399/2016), as applicable after its amendment by the law 4605/2019. Based on the provisions of paragraph a of paragraph 1 of article 10 of Law 4399/2016, investment projects subject to the aid schemes of the law in question are provided with the type of tax exemption aid which consists in the exemption from paying income tax on the realized pre-tax profits, which arise based on tax legislation, from all of the company's activities. Profits arising under tax legislation mean taxable profits, after deducting tax losses of previous years. The above also applies to the amount of the tax exemption calculated pursuant to the provisions of article 4 of Law 3908/2011. The right to start using the benefit of the tax exemption incentive is established by the certification of the implementation of the 50% of the cost of the investment project by the competent control body. ii. In table 7, the codes 075-076 were deleted (Donations of monetary amounts to the mutual aid account for the repayment of the public debt) The codes 075-076 were deleted, since the Bank of Greece account to which sums were paid for the repayment of the public debt was abolished after its final liquidation, based on no. 3684/8-3-2016 of the decision of the President of the Hellenic Parliament (AD: 06-0523). iii. Schedule 10 (If a refund arises to be deposited into my following account) for tax year 2019 returns and onwards is removed. In cases where a credit balance is determined on the basis of the statement and therefore a deed is issued recommending and confirming the debtor's and his/her spouse's/sponsor's claim for a tax refund, a message is displayed informing about the obligation to notify the payment account to the Tax Administration (of IVAN number), which is carried out by submitting an electronic Application / Responsible Declaration of the beneficiary on the website www.aade.gr of the Independent Public Revenue Authority (A.A.D.E.) in the TAXISnet environment, according to A. 1019/ 2020 decision of the Governor of AADE. When submitting the declaration, via a hyperlink, the liable person is given the possibility to go to the corresponding electronic application, while the spouse/spouse, in the case that based on the liquidation of their joint declaration, is entitled to a tax refund, will enter it, with the his/her own passwords. In the case of a joint account, this may be declared by up to two beneficiaries. Source: Taxheaven