Countdown of 4 days for February VAT returns by enterprises

A few days’ margin has been set to proceed with a statement, as Friday 29.3.2024 expires the deadline for the February 2024 tax month. It is noted that VAT returns from businesses and freelancers, according to a recent decision from the Ministry of Finance, now include pre-filled codes in the context of the total change of the tax “place”. The Decision specifies that the pre-filling of fields: it is now binding on undertakings when submitting the VAT declaration, is made on the basis of the data transmitted to the IAED digital platform myDATA and their accounting characterisation by undertakings liable to a declaration of VAT declarations submitted from 1-1-2024 onwards and relating to tax periods from 1-1-2024 onwards, ensures the basic rule that revenues cannot be less and costs cannot be more than those transmitted to the myDATA digital platform, with the possibility of deviation from the revenue-exit rule to 30% distinct for revenue and costs. Thus, on 29.3.2024, the deadline for the VAT declaration for taxable persons holding double-script books, as well as the State, expires, although it is subject to tax. The VAT declaration shall be submitted by the last working day of the month following the end of the tax period. The tax period is set at a calendar month in order for debtors who are required to keep books and issue data on the basis of full accounting standards (bibliographic books) and for the State when carrying out activities for which it is subject to tax.