Independent Authority for Public Revenues
€5.3 billion in tax refunds from the beginning of 2024
The total amount of refunds from the Independent Authority for Public Revenues has reached €5.308 billion euros, while the target for the 9-month period was €4.919 billion, exceeding the target by €389 million.
Giorgos Pitsilis, Head, AADE
The total amount of refunds from the Independent Authority for Public Revenues has reached €5.308 billion euros, while the target for the 9-month period was €4.919 billion, exceeding the target by €389 million.
The above is mentioned in a relevant information note of the Independent Authority for Public Revenues. At the same time, the authority states:
- The number of pending refund claims from 1 January 2022 to date has decreased by 62%. In 2024, 4,022,000 refund requests were submitted and 4,717,000 requests were processed.
- Individual income tax refunds from this year's returns have been completed, through payments or offsets, at a rate of 93.55%, exceeding €432 million.
- Last month, interoperability for mass offsetting of tax refunds with social security fund debts (via EDIKA) was completed, further accelerating automated refunds.
- Following the implementation of the new centralised refund system, almost 95% of refund requests, for which no audit is required and there is no legal or factual obstacle to refund, are refunded or offset centrally through automated procedures.
- It is clarified that the number of pending refunds is subject to seasonality, depending on the period of submission of each type of return.
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