Inheritance Tax in Greece: 10 Key Points for Declarations and Payment via myProperty

Greece has entered a digital era for inheritance tax declarations with the launch of the myProperty platform by the Independent Authority for Public Revenue (AADE). Most taxpayers inheriting property or other assets can now submit their tax declarations online with just a few clicks, reducing bureaucracy and eliminating the need for multiple visits to local tax offices.

A comprehensive Q&A guide issued by AADE clarifies how the process works for natural persons, legal entities, and different types of inheritance assets, providing clarity for both first-time filers and those familiar with the old, paper-based procedures.

1. Types of Inheritance Tax Declarations on myProperty

• Inheritance Tax Declaration (A.1151/2020): Tax assessment appears automatically upon submission by the heir, is assigned a submission number and date, and the tax is automatically verified if applicable.
• Inheritance Tax Declaration via Tax Office (DOY): The tax assessment is not displayed immediately. Once submitted by the heir, the declaration is sent to the competent DOY office for verification, tax determination, and final certification.

2. Which Declarations Are Submitted via myProperty?

• Declarations for heirs who are natural or legal persons for deaths from January 1, 2022, onwards.
• No prior declaration should have been submitted in paper form at a DOY or via the older Declaration via DOY system.

3. Which Declarations Are Submitted via DOY?

• Declarations for deaths up to December 31, 2021.
• Declarations requesting tax deferral or submitted after the expiration of a deferral.

4. Declarations That Must Still Be Submitted in Paper Form

Paper submissions are still required for:

• Guardians of dormant estates,
• Declarations where the deceased or heir lacks a Tax Identification Number (AFM),
• Declarations submitted by legal representatives of the heir,
• Cases of technical inability to submit digitally,
• Declarations involving the consolidation of usufruct and bare ownership.

5. Submitting Declarations for Movable Assets Only

• Can be submitted electronically by a notary when a notarized acceptance of inheritance deed is drafted.
• Otherwise, the heir or legal representative of a legal entity submits directly through the platform.

6. Registering Real Estate

• When a notarized acceptance of inheritance exists: the notary completes and submits the declaration.
• Without notarized acceptance: the heir/legal representative submits via the DOY system.

7. Amendments to Previously Submitted Declarations

• If the original declaration was submitted on paper: amendments are submitted via DOY.
• If the original declaration was submitted via myProperty: amendments are submitted digitally through the same platform.

8. Correcting Errors in Real Estate Records

• Errors in property details registered via the ATAK system cannot be corrected through myProperty.
• Corrections must be requested at the competent DOY/KEFODE office.

9. Correcting Submitted Declarations

• After submission, the notary (if applicable) or heir/legal representative can create a Corrective Declaration using the platform’s menu.

10. How Inheritance Tax Is Paid

• Can be paid in up to 12 equal bimonthly installments (or 24 for minors).
• Each installment must be at least €500, except the last one.
• Full payment with the first installment qualifies for a 5% discount.
• Taxes below €500 or for movable-only estates: paid in full within 3 days of certification.

Analysis: A Modern Approach to Inheritance Tax

The digitalization of inheritance tax in Greece represents a major step towards transparency and efficiency. Key benefits include:

• Simplified procedures for heirs and legal representatives,
• Reduced bureaucracy and waiting times at tax offices,
• Clear guidelines for all types of inheritance assets (real estate, movable property, corporate shares),
• Integration with existing property registries such as ATAK and ENFIA.

By allowing declarations, corrections, and amendments online, the platform ensures that errors are minimized, payments are tracked, and taxpayers can fully benefit from the available installment options and discounts. This shift also aligns Greece with broader European trends in digital tax administration and e-governance.

Πηγή: pagenews.gr