Freelancers have declared increased taxable earnings this year, compared to 2024, according to data from accounting firms.
Based on the returns of their clients, most professionals have declared profits higher than the presumed income, while there are quite a few who are exactly at the limit of the presumed income. This remains to be determined from the Independent Authority for Public Revenue data after the completion of the relevant procedure.
Government sources estimate that the increase in taxable profits is the result of recently introduced electronic systems and specifically of electronic books, the reduction in 2024 of acceptable tax return (VAT) deviations in relation to the corresponding data transmitted to the myDATA digital platform, and the increase in online transactions. Combined with increased physical inspections, this has led to a rise in declared profits of professionals and businesses.
Last year, freelancers declared taxable profits of 10.4 billion euros, up by €5.28 billion from 2023. In fact, 56% of freelancers and business owners were taxed based on presumed earnings and paid additional tax of €470 million compared to their declared incomes.
Source: Freelancers are declaring more profits | eKathimerini.com
