From the new year, Greek taxpayers inheriting properties, cash, or stocks will be required to submit all inheritance tax declaration documents electronically through the myProperty platform of the Independent Authority for Public Revenue (AADE). Handwritten declarations will no longer be considered valid.
The updated process, effective January 1, 2024, ensures that the submission of inheritance tax declarations, with all necessary supporting documents, can be completed with just a few clicks, provided the taxpayer has gathered the required documentation.
The new measures aim to enhance efficiency, reduce paperwork, and provide a more user-friendly experience for taxpayers dealing with inheritance tax matters.
Key Changes Include:
1. Mandatory Electronic Submission: All inheritance tax declarations for deaths up to December 31, 2021, and subsequent deaths from January 1, 2022, must be submitted digitally through the “Inheritance Tax Declaration via Tax Office” application on the myProperty platform.
2. Transition for Declarations Submitted to Tax Offices: Declarations (initial or amended) that were previously submitted in paper form to the Tax Office can now be submitted electronically through the “Inheritance Tax Declaration via Tax Office” application.
3. Communication of Invalid Submissions: Handwritten declarations will be considered invalid after January 1, 2024. Taxpayers who attempt to submit handwritten forms will be notified to resubmit electronically.
Key documents required upon submitting the declaration include:
1. Death certificate.
2. Decision on the publication of the will.
3. Certificate of inheritance or a certificate (family status or closer relatives) from the competent municipal authority. In case of unavailability, an affidavit from two witnesses verifying the type and degree of relationship to the heir.
4. Certificate from the secretary of the competent Magistrate’s Court or Court of First Instance regarding the non-publication of the will or the non-publication of a more recent will, as applicable.
5. Legalized document, in case the declaration is submitted by an attorney-in-fact, representative, or legal proxy.
6. Sheets specifying the value of real estate and calculating the value of stocks, businesses, etc.
7. Copy of the lease agreement or the founding document of a trust or the articles of association of a legal entity or foundation, as applicable, proving the method and type of imposition and the legal form and character of the taxpayer.
8. In the case of missing persons, a final court decision declaring the absence and the newspaper issue in which this decision has been published.
