RESIDENTS ABROAD – LIABILITY OF SUBMITTING TAX STATEMENT IN GREECE
According to the valid taxation regulations, the tax-liable residents abroad must submit a tax statement for all the actual income they obtain in Gr eece from whatever source this income derives.
The annual deadline for the statement is 31/12.
There is a responsible, local public tax service office for residents abroad. The statement is to be submitted electronically through the “taxis-net” system provided by the General Directorate of Public Revenues on its website.
For spouses who have different taxation residence, there is now the ability for separate clearance of their tax statement.
According to Article 33, par. 2, Law 4172/2013, the tokens of asset acquisition stupefied in the Law do not apply to residents abroad as long as they do not have actual income. Also, expenditures stupefied in Article 31 of the above Law are not implemented (e.g. for secondary residence, car etc).
Consequently, for the tax liable residents abroad who do not have actual income, objective living expenditures are not taken into account and, therefore, the luxury living tax is not enforced. (Article 21 par. 3 Law. 4172/2013).
According to ordinance 1067/2015, tax liable residents abroad are not liable to submitting a tax statement provided they do not acquire actual income in Greece.
They are not liable to submit receipts or for the income they incur in Greece since they are not entitled to non-taxable amount.
Because of the particularities and the complexity of these cases, it is important that –during tax statement submission period- a thorough examination of covenants be made in order to avoid double taxation. Only in this way can proper taxing be ensured in the country or countries that incurred.
Finance and Accounting Consulting S.A. is here to help you as a specialized tax-preparing consultant in cross-border cases so that the best course of action be taken to serve your interests.
The above information are purely indicative and do not constitute specialized advice from an expert tax-preparer or accountant.