The countdown for marginal corrections to the presumptive tax system for self-employed persons has begun. As the Ministry of Economy and Finance has pledged and as the Prime Minister, Kyriakos Mitsotakis, has announced, immediately after the completion of the submission of tax returns, the relevant process will begin. According to existing information, the issue will be resolved before the end of the year.

 This is so that the AADE can prepare its systems in time to receive, incorporating any changes, the 2025 tax returns. At the Ministry of Finance, there is evident satisfaction with the result of the clearance of tax returns, as the tax revenues from freelancers, due to the new presumptive taxation method, appear to have increased to the level that had been predicted.

SCENARIOS

The closing of the individual tax return curtain has paved the way for corrections to the imputed income of freelancers and self-employed persons. Already, the first scenarios have seen the light of day, although there is no official or unofficial position from the Ministry of Economy and Finance.

It is possible that, from the platform of the TIF, Prime Minister Kyriakos Mitsotakis will give the stamp of change and improvement so that possible injustices can be remedied, as he has stated in the past.

Based on existing scenarios, the basic core of the presumptive system for calculating the minimum taxable income for 735,000 freelancers and self-employed persons will not be changed. The possible interventions and changes will concern:

1. The criterion of turnover, on the basis of which the imputed income is increased.

2. The criterion of payroll costs, which, especially in the case of sole proprietorships employing staff with many years of employment, significantly increases the imputed income.

3. The possibility of including family income.

4. Improvements to the procedure for challenging the minimum imputed income.

5. A "haircut" of the burden caused by the adjustment of the minimum wage, which is the basis for calculating the presumptive minimum income. Note that the increase in the minimum wage from 780 to 830 euros raises the minimum imputed taxable income from 10,920 euros in 2023 to 11,620 euros in 2024.

As Deputy Finance Minister Christos Dimas has recently stated, the changes will be legislated before the end of the year to allow sufficient time for the AADE to adjust its systems to the new data for the submission of next year's tax returns. The Finance Ministry's plan calls for the tax filing period to begin on March 1, 2025, with a "locked-in" schedule with no extensions until June 30 each year.