The new E1 form released by the Independent Authority for Public Revenue (IAPR) includes new key codes for deductions and exemptions from presumptive income for freelancers and young people up to 25 years old. The electronic portal for submitting tax returns will be operational from Monday, March 16, and will remain open until July 15.
Specifically, according to IAPR guidelines for completing tax returns:
1. Codes 045-046: These are filled out by the taxpayer for exemption from determining the minimum net income amount or proportional reduction of presumptive income in cases of conducting business activity for a limited period based on legislative or regulatory provisions. This specific code can be used by professional women who had a child in 2025, as they are fully exempt from presumptive income and tax calculation will be based on the income they declare. Also, insurance intermediaries, café owners operating in very small settlements up to 500 inhabitants, street lottery vendors, farmers regardless of activity size, people with disability equal to or greater than 80%, and new professionals for the first three years from starting their activity can be fully exempted from calculating minimum presumptive income.
2. Codes 047-048: These provide the possibility of reducing minimum presumptive income by 50% for professionals with disability percentage of 67%-79%, those residing on islands with population under 3,100 inhabitants, single-parent families with minor children provided exclusive custody is proven, parents of dependent children with at least 67% disability, large families, taxi operators with vehicle ownership up to 25%, and school canteen operators. Also, for professionals residing and operating in settlements up to 1,500 inhabitants outside Attica, the minimum presumptive income is reduced by 50%. Specifically for the Western Macedonia Region, the Evros Regional Unit, and municipalities in Central Macedonia, Eastern Macedonia and Thrace, and Epirus regions, the measure applies to settlements up to 1,700 inhabitants.
3. Code 079: This code is selected when the taxpayer is an adult dependent unmarried child up to 25 years old who either studies at a school/college/vocational training institute in Greece or abroad, is registered as unemployed with DYPA, or serves military duty. By selecting this code, minimum objective expenses for dependent children do not apply, meaning separate living standards presumptions due to having children are no longer calculated.
Also, from this year, living standards presumptions for residences, cars, and recreational boats have been “cut,” resulting in limited or eliminated taxes for 480,000 taxpayers. Particularly significant is the abolition of the minimum 3,000 euro presumption for adult dependent children with their own income. This change solves another chronic problem and is expected to further expand the number of beneficiaries of social benefits and tax exemptions.
Tax return platform opens on March 16
Citizens’ annual appointment with the Tax Authority is on March 16, as the Taxis electronic platform opens and approximately 7 million taxpayers will be able to submit their tax returns until July 15. Of all taxpayers, approximately 1.5 million will find their tax returns pre-filled and pre-cleared on TAXISnet and must carefully check the data to avoid additional burdens and potential loss of social benefits and services.
Tax payment is made in eight equal monthly installments, with the first paid by the last working day of July. Those who submit their returns by April 30 and pay the tax in full will benefit from a 4% discount, while the discount for returns submitted after May 1 onward decreases to 3% and 2%, depending on the submission date.
Specifically, the lump sum payment discount is structured as follows:
-4% for returns submitted by April 30.
-3% for returns by June 15.
-2% for returns by July 15.
