From next January until 2025 the 30% of expenses incurred by electronic means of payment to specific professions will be deducted from the taxable income of natural persons.
The new year will start with the provision of extra incentives to taxpayers in order to proceed with electronic transactions, to further crack down on tax evasion.
Since January 2022 and up to 2025, the 30% of expenditure incurred by electronic means of payment to specific professions will be deducted from the taxable income of natural persons, while medical expenses which will be reimbursed in the same way will be double counted in the calculation of the limit 30% of income.
So far, in the list of professions that will give extra incentive for citizens to ask for proof in order to reduce taxable income included 18 specialties, but new specialties will be added from industries that are estimated to hide high tax evasion. The Ministry of Finance seeks to further stimulate electronic transactions, as it turns out that bring additional tax revenue to public coffers.
Through 8 questions answers imerisia.gr decodes the new regime for electronic transactions, which will take effect on January 1 2022.
1. What incentives will the Ministry of Finance give to fight tax evasion;
The 30% the costs incurred by taxpayers by electronic means of payment to specific professions and up to the amount of 5.000 euros per year will be deducted from taxable income. This measure is activated from January 2022 and will be valid until 2025. With this measure the taxpayers who will ask for and receive receipts from specific professionals will be able to avoid tax up to 450 euros if they have an annual income of up to 10.000 euro, to 1.100 euros if they have an annual income of 10.000 to 20.000 euro, to 1.400 euros for income from 20.000 to 30.000 euro, to 1.800 euros for income from 30.000 to 40.000 euros and up to 2.200 euros if their annual income exceeds 40.000 euro.
2. For which professions will the extra incentives be provided;
AADE will suggest to the Ministry of Finance the sectors for which extra incentives will be provided to taxpayers. The list of professionals for whom the incentive will apply is expected to be included: Lawyers, architects, private researchers, funeral and cremation contractors, air conditioning contractors, heating and plumbing, nurses, Nurses-exclusive, carpenters, building cleaning and maintenance workshops, professionals providing childcare services, Luxury car rental offices, taxi drivers, repairers of clothes and other fabrics, car and yacht rental companies, refrigeration and refrigeration plant repairers, professionals providing consulting services, photographers, concrete contractors.
3. What does a taxpayer gain from these transactions;
A taxpayer who has, for example, annual taxable income 15.000 euro pays by card or via e-banking fee 5.000 euros to a freelancer. The 30% of expense 5.000 euros - that is 1.500 euro- will be deducted from his taxable income, which is limited to 13.500 euro. For their income 15.000 euros would pay tax 2.000 euro, while for their income 13.500 euros after its removal 30% of expenses will pay 1.670 euro. That is, it will save tax 330 euro.
Another taxpayer with annual taxable income 20.000 euro pays electronically to professionals in total 8.000 euro. The 30% of expenditure - that is 2.400 euro- deducted from his taxable income, resulting in a decrease in 17.600 euro. The tax you will pay is 2.572 euro, while without the discount he would pay 3.100 euro, that is, the profit amounts to 528 euro.
4. What is not included in the calculation of real income;
The amount of the special solidarity contribution is not included in the calculation of the real income, the amount of alimony paid by the taxpayer to his / her divorced spouse or to a party to a cohabitation agreement and / or to his / her dependent child, provided that this is paid by electronic means of payment.
5. Which proofs will count twice;
The annual expenses incurred by each natural person for medical visits, except for the purchase of medicines and hospitalization, will "count" in duplicate to cover it 30% of annual real income with electronic expenses. This measure makes it easier for taxpayers to cover it 30% of their income with expenses made with electronic money and will be able to avoid the tax penalty 22% in case they will not be able to collect the required amount of electronic receipts.
6. What is the benefit in this case for a taxpayer;
For example, payment 150 euros for a medical visit, if paid by credit or debit card, will count as an expense 300 euros to cover it 30% of income.
7. What is the current status of electronic receipts?;
Based on the existing regime, the required amount of expenses by electronic means of payment for each tax year is set as a percentage 30% of real income, resulting in the country and / or abroad and comes from paid work and pensions, from business and from real estate and up to 20.000 spending euros. For taxpayers who will collect smaller amounts of spending with plastic money, an additional tax is provided at a rate 22% the difference between the required and the recorded costs.
8. Due to the pandemic for the victims, the percentages of electronic transactions that they had to cover with their income were frozen. What is valid this year;
All taxpayers are required to cover by 31-12-2021 the amounts remaining until their electronically reimbursed expenses for purchases of goods and services reach 30% on the estimated amounts of annual income for 2021. If there is a mini intervention for certain categories of taxpayers it will be decided next February, after first examining the statistical data that the financial staff will receive from the banks in order to determine the size of the "loss" for the affected.