Road race in tax returns

The taxpayers are running to prevent returns by the end of September of the tax amounts to be paid to businesses and individuals in order to reach the target and to disburse in good time the € 800 million sub-allocation remaining from the second evaluation.

Although there are no data on the course of returns in August, when two favorable measures have been put in place which provide for the immediate return of taxes without scrutiny, the duty to tax authorities is to move quickly and to pay due to the beneficiaries.

According to information, it was estimated that around EUR 300 million would be reimbursed by the end of August, which could reach EUR 500 million by the end of September. According to the data of the Independent Public Revenue Authority, corporate income tax refunds of up to € 10,000 relate to 90% of outstanding cases and 1.24% of the total amount of refunds in this category. VAT pending refunds of up to € 10,000 relate to a number of (business and professional) 35% of the total, ie about 2,500 businesses.

As can be seen from the figures:

1. 6,568 businesses expect a VAT refund of € 891 million.
2. 4,407 businesses expect a VAT refund of 734.85 million euros for more than 90 days.
3. The average standby time is 357 days.
4. There are tax returns that delay tax refunds for more than 4.5 years.

In particular:

1. The average VAT refund time from the Center for the Control of Large Businesses amounts to 1,663. days. This means that some businesses are expecting a VAT refund for more than 5 years.
2. The 1st Thessaloniki tax office returns the requested sums after an average of 1,395 days.
3. The Psychic Hospital has been waiting for 1,222 days on average and
4. HOUSE C Piraeus has an average return time of 1,109 days.