Ability to reduce tax that belong to them and possibly receive a tax refund, taxpayers have if they carefully fill out certain codes form E1. The codes, which debtors must rely on in each specific case, are enough to “unlock” tax benefits that reach even 2,200 euros. According to her AADE1.1 million have been sent so far. tax reporting for a total amount of 6.5 million. The tax received as a result of completing the declarations will need to be repaid in 8 equal monthly installments, the first at the end of July and the last in February 2024. Those who pay the tax at the same time will receive a 3% discount.

In particular, the issues that taxpayers must pay attention to in order to receive tax benefits are as follows:

1. First-time business income taxpayers must complete code 327-328 E1 to calculate the advance tax reduced by 50%.

2. Taxpayers over the age of 70, as well as those who permanently live in villages with a population of up to 500 inhabitants and on islands with a population of less than 3,100 inhabitants, if they are not tourist places, should not forget to fill out the code 023-024 for exemption from coverage 30% of your income with electronic receipts.

3. Those aged 65 and over must enter this in codes 013-014 to receive a 30% discount on living expenses.

4. New applicants must complete code 017-018 to receive a 50% discount on the minimum tax rate. That is, the rate is reduced from 9% to 4.5%, provided that the annual gross income received from entrepreneurial activity in 2022 amounted to up to 10,000 euros.

5. Persons engaged in business activities for commercial purposes and born before December 31, 1960 must declare this in order to be automatically exempt from the claim fee.

6. Insurance premiums paid in 2022 by employees in a compulsory insurance organization to buy out the insurance period (for example, military service) reduce taxable income from employment. In order to secure this reduction, each employee must enter the amount of the redemption contributions he has paid in the appropriate code.

7. Taxpayers who received income from wages or pensions in 2022, as well as those who during 2022 were engaged in agricultural activities as professional farmers, are eligible for a tax deduction. This discount can be up to €777 for each unmarried person without dependent children, up to €810 for each married parent with 1 dependent child, up to €900 for each married parent with 2 dependent children, and up to €1120 euro for every married person. parent with 3 dependent children. For each dependent child over the age of three, an additional tax deduction of EUR 220 applies. In any case, those employees, pensioners and farmers by profession who are burdened with children are entitled to an increased tax deduction.

8. The expenses of doctors and healthcare workers paid electronically in 2022 are counted at double the rate to cover 30% of income. They are declared according to the code 049-050 of the E1 form along with the rest of the receipts. The amount of expenses indicated in these codes is included and separately indicated in the corresponding table when filing a declaration using the online service for filing a declaration through the myAADE electronic portal.

9. Electronic receipts from 20 professional categories (electricians, plumbers, hairdressers, gyms, etc.). For the costs of obtaining services carried out by means of electronic means of payment in certain sectors, an amount equal to 30% of the costs is deducted proportionally from the individual’s taxable income from employment and pensions, business activities and real estate, solely and exclusively for the calculation of income tax.

The amount of deductible income does not exceed the total actual income from employment and pensions, business activities and real estate of an individual and is limited to an amount of 5,000 euros per year in the amount of the above income.

The expenses are declared according to the code 049-050 of the E1 form along with the rest of the receipts. The amount of expenses indicated in these codes is included and separately indicated in the corresponding table when filing a declaration using the online service for filing a declaration through the myAADE electronic portal.

10. For landlords who rent out property but do not collect rent, there is a way to avoid paying tax on lost income. The two steps that eliminate the tax burden for taxpayers with uncollected rent must be completed prior to filing a tax return and are as follows:

– Issue a payment order or order for the use of rent, or a court decision to refuse or award rent against the tenant, or bring a claim against the tenant for the rejection or award of rent.

– Submit to the tax office photocopies of orders, court decisions or lawsuits filed. If the necessary supporting documents for the declaration of lost rent are not submitted, then the amounts declared as lost income will not be taken into account, and the tax office will proceed with a new settlement of the declaration by taxing specific amounts.