Application Process tax return and the tax office immediately begins extensive cross-checks of the data declared taxpayers. The tax administration will try to check the information already received about insurance policies, hospitalization costs in private clinics, tuition fees, etc. It will also check them bank accounts with an annual turnover of more than 100,000 euros, as well as portfolios with a cash value of more than 200,000 euros. Auditors want to make sure that the amounts are declared and received from doing business, inheritance, etc. or is a product of “black” money laundering. Where costs exceed income, the tax office has already taxed them based on the evidence. However, there are cases that need to be checked to establish the origin of funds. Those who identify with undeclared income they will be asked to give explanations and justify the origin of the money. It is noted that it is not uncommon for taxpayers to forget to declare income from abroad.

According to the information AADE has information about:

one. Bank accounts that in aggregate for the year (2021) showed movements of more than 100,000 euros. To calculate the annual total net credit or debit, the following is taken into account:

• Money transfers from (to) banks, payment institutions and ELTA.

• Cash deposits/withdrawals or bank/personal check deposits/withdrawals.

• Transfers from persons who are not account beneficiaries within the same institution (credit institution, payment institution and ELTA).

2. Amounts with balances when the total value of the portfolio exceeds EUR 200,000. The data obtained by the tax administration relate to portfolios of movable securities of natural persons with the date 31/12 both of each reporting year and immediately preceding, with a monetary value of more than 200,000 euros. The €200,000 limit is calculated at the investor level. That is, if an investor has more than one portfolio with the same or different composition of beneficiaries, their value must be added after the balance of the respective portfolio has been equally distributed among the joint beneficiaries to determine whether it is large. than the limit of 200,000 euros.

Bank accounts with annual transactions of over €100,000 are also under attack.

3. The amount of interest on deposits and REPO transactions received by an individual in the previous year, and tax withheld.

four. Dividends paid to individuals and legal entities during 2021, for which the relevant information is provided by Hellenic Stock Exchanges SA (HACE).

5. Monetary amounts paid by individuals to credit institutions, credit institutions and financial leasing companies on account of interest amortization of loans (housing, consumer, etc.), including accrued and paid interest, penalties, etc.

6. Life, death, accident and illness insurance policies.

7. The cost of hospitalization in private clinics.

eight. The cost of tuition in a private school.

9. The cost of fixed and mobile communications.