Retroactive declaration with 7 SOS points for wages

Since yesterday, employees and retirees have been able to file electronically on the myAADE digital portal, in the TAXISnet system, amended tax returns in order to retroactively include the amounts of remuneration received up to 2022 and concerning the years tax 2015-2020.

In detail, employees and retirees who received retroactive amounts of remuneration last year for the years 2015-2020 must pay particular attention to the following elements 7 dots:

1. All types of net earnings, supplements, allowances, pensions paid retroactively in 2022 to employees and pensioners by virtue of the law, a court decision or a collective agreement, as well as cases where pensions are granted late or retroactively by the insurance organizations, are taxed in the years that go back, since the moment of obtaining these retroactive benefits is considered to be the moment when the beneficiary acquired the right to receive them, they must therefore be declared with an additional statement in the time they concern. Subject to an additional corrective declaration within the deadlines, irrecoverable accrued salaries paid in 2022 must also be declared and provided that they are indicated separately in the annual salary certificate granted to the beneficiary or provided that they are obtained by any means. convenient in the year to which they refer (such as a certificate from a chartered accountant – tax specialist on the basis of detailed periodic declarations (APD) from the insurance company, etc. or previous salary certificates of which shows the amount of wages that have become irrecoverable derived, court decision, etc.). For wages for which payroll tax was paid or should have been paid in a previous tax year, adjusting returns are submitted to the IRS for the years to which those wages relate.
2. From tax year 2015, retrospective declarations are submitted electronically using the online declaration submission service via the myAADE digital portal. The taxpayer selects the corresponding year to file a return. The amending declaration is filed for each year concerning the retrospectives. The debtor enters his account and selects the years to which the retroactive payments received in 2022 date back. E.g. for the 2017 tax year, he must select the 2018 declaration year. Then, he must select “Corrective declaration” and “Retrospective E1 declaration”. In the retroactive declaration, the amounts have been pre-filled in the respective codes and the taxpayer cannot fill in or modify another code. Therefore, after the appearance of the pre-filled codes with the new amounts, the declaration must be transmitted definitively. Immediately after the filing of each corrective statement, a new settlement slip is issued with the amount of the tax. If the taxpayer wishes to modify other elements of his return, he must file a separate amending tax return.
3. The declaration of retroactive amounts can be filed by the end of December 2023, while the tax to be liquidated must be paid before January 31, 2024.
4. Employees and retirees who have retroactively received one or more of the years of the 2015-2020 period and who will declare them or have already declared them by filing the corresponding rectifying declarations electronically can, if they wish, pay in 2 to 48 monthly payments the debts arising from these rectifying statements. The partial payment of these debts can be made on the basis of the permanent regulations of Law 4152/2013.
5. Amended income tax returns submitted by employees or pensioners with retroactive declarations of wages or pensions from previous years, retroactive declarations of unemployment benefits, salaries of NHS doctors from post- noon from NHS hospitals, shall be received without fines or interest, until the end of the tax year in which they were issued, as the case may be, the salary or pension certificates.
6. Corrective declarations filed late, not because of the beneficiary of the income, but because of the late sending of an initial or rectifying electronic file to AADE, monthly or annually, by the employer/competent body which has the obligation, as in all cases of late issue, rectification and issue of a certificate by a taxpayer, when this is necessary for the establishment and filing of a declaration, are considered appropriate if they are filed in the tax year in which the certificates were issued by the entity. In order to avoid penalties and interest, these amended returns must be submitted to the IRS. Fines are not imposed and interest is not calculated even in cases where these certificates are issued late by a foreign body.
7. No fine is imposed, in the event of late filing of a modified personal income tax return, of which the additional amount of tax resulting to be paid compared to the initial declaration is a maximum of 100 euros.

Calculation of taxes without penalties or interest

Taxpayers must file the corresponding rectifying declarations before the end of the current year in which the salary or pension certificates, which include the retroactive ones, were issued in order to pay only the additional income taxes corresponding to the feedback received. The taxes they will pay will be calculated on the basis of the scales of income tax and the special solidarity levy in force for the years to which the retroactivity relates and after deduction of any income tax withheld at source at the rate 20% when retroactivity has been paid. The above declarations will not be charged independent fines for late submission, nor late payment interest if submitted before 31-12-2023.