economy

According to euro2day, the abolition of the obligation to submit consolidated customer-supplier statements has already been a year since last year on March 28 the decision of the Governor of AADE G. Pitsilis was issued, with which end titles were dropped from the consolidated statements of 2021. From 2021 and henceforth, the relevant information obligation is covered by data transmissions on the myDATA digital platform.

The process of sending memos for 2017 statute-barred consolidated statement cases marks a change in mindset for the AADE: the “hunt” for year-end statute-barred cases begins in March, rather than in the fall (at best) as it has been in recent years many years.

In this context, taxpayers with open cases that are statute-barred at the end of the year should be prepared. In the near future, it is possible that they will receive a letter from the Compliance Department of AADE, if they have open cases concerning:

Inaccurate declaration or no declaration of retroactive amounts of remuneration received within 2017 and relating to earlier years.

Inaccurate declaration of gross income or expenses of the management period 2017 for freelancers and businesses as well as non-submission or late submission of customer-supplier consolidated statements.

Income tax and VAT for the fiscal year 2012 for which, after the end of the normal 5-year limitation period, the competent tax authorities became aware of "additional information" to conceal taxable material.

Income tax for the year 2007, if no tax return was submitted or a late initial return was submitted, as the limitation period for these cases is 15 years.

Failure to submit a rent stamp declaration for the year 2007, and in this case a 15-year statute of limitations applies.