The liquidations that will result from this year's tax returns, whose submission is expected after Easter, will have "deflated" for taxpayers who will show reduced incomes due to the pandemic, will be zeros for over 50% of taxpayers, while for thousands of taxpayers they will write income tax return.
They will be "lucky" of this year's tax returns:
- Private sector employees: Employees who have been suspended from work 2020 will declare lower incomes this year and will pay less tax with the return statement compared to previous years, as well as their amounts 534 and 800 euros received as compensation are tax-free. In fact, many will be entitled to income tax refunds. This will happen because during it 2020 the monthly deductions of income tax and special solidarity contribution on the salaries of these employees were calculated, those months they were working normally, as if their earnings were on an annual basis equal to the levels at which they were formed before the outbreak of the pandemic. However, the amounts of taxes corresponding to the - significantly reduced - annual taxable income of 2020 is, after all, smaller than those retained in total during it 2020. Therefore the additional amounts withheld should be returned to the taxpayers upon clearing the tax returns.
- Self-employed, self-employed. They are the big winners this year, as they will see their tax burden reduced even by 59%. Submitting the tax return will show the benefits of the new tax rate with the rate 9% applicable to income up to 10.000 euros while the special solidarity contribution will be completely extinguished. Even professionals with net profits just 10.000 euro, who are not affected by the solidarity contribution, will be taxed this year 900 euro, when the 2020 paid tax on the same income 2.200 euro. The lucky ones include the employees who are paid with a "block".
- Taxpayers with real estate income: Thousands of property owners who 2020 compulsorily collected "cut" against 40% rents will show lower incomes in the Tax Office this year, for which they will pay less tax. In fact, those who earn income from real estate in excess of 12.000 euros will see a reduction in tax due to the "abolition" of the solidarity levy, with the "scissors" starting from 22 euros for income 13.000 euros and reach up to 1.000 euros for income amounting to 35.000 euro.
- Civil servants and retirees with rental income: Civil servants and retirees who rent a property and receive income will have a tax benefit. They may have been exempted from the "freeze" of the solidarity contribution but if they receive rents then for these incomes they will escape the solidarity contribution.