By using Piraeus Bank credit, debit and prepaid cards, as well as winbank wallet for your buys.
By making your e-payments through Winbank e-banking (web,mobile & phone banking) and Piraeus Bank easypay e-services
Fill in your annual taxable income and quickly calculate the amount of expenditure required in order to maintain your tax-exempt status.
In order to achieve tax reduction, you must carry out transactions amounting to
by using e-payment means and cards.
You can get informed on the tax reduction costs you have covered, through the winbank web and the mobile banking service.
Win yellows, reducing at the same time your tax, through the e-payment means participating in the yellow Rewards Program.
All payments made through e-payment means in Greece, in the European Union and EEA countries (Iceland, Liechtenstein and Norway) are eligible for tax deduction purposes, at minimum amount levels, according to the following scale:
How is the amount of family expenses shared between spouses or civil unions parties?
The amount of expenditure is declared individually by each spouse or by each civil union party. If the required amount of expenditure is covered by any one of the two, any excess amount may be transferred, following clearance, to the other spouse or civil union party to cover the required minimum amount of expenditure.
All natural persons that acquire income from wages, pensions and private agricultural activity are entitled to tax reduction. In addition, tax deduction is also calculated on the difference between actual and presumed income.
Which taxpayers in the above case are exempt from the obligation to use electronic means of payment, but are required to collect/submit hard copy receipts of equal value:
In addition, the following categories are exempt from the obligation to use electronic means of payment and are not required to collect/submit hard copy receipts:
If the minimum amount of expenditure attributable to taxable income is not covered, the relevant difference will be taxed at 22%. The increase will be calculated on the amount resulting from the difference between the amount required and the amount declared.
Α table with relevant examples follows:
The maximum amount of expenditure eligible for tax deduction, irrespective of income, is 30,000€.
Electronic payment means provided by Piraeus Bank that help build tax reduction amounts are the following:
The expenditure taken into consideration for building the tax reduction amount should be included in the following ELSTAT (Hellenic Statistical Authority) consumer price index groups.
Expenses not eligible for tax reduction are as follows:
Transactions of a total value of 500€ or more for goods or services must be carried out exclusively by card or other electronic payment means, including, but not limited to, bank transfers, payments through a payment account, e-wallet applications.
Transactions made by card or other electronic payment means for the purchase of goods or services are considered eligible for a public lottery program, the winners of which are rewarded with cash or other prizes. Further clarifications are expected from the relevant Ministry.
Moreover, taxpayers are exempt from the process of collecting receipts, since Bank statements are sufficient to prove any transactions made.
I would like to pay my home electricity bill, but the bill is under the owner's name. Will it count for my tax reduction?
Especially for public utility bills that are under a different name than the payer's, these expenses are eligible, provided that the payer is the actual property tenant.
How do transactions made by using additional cards contribute to tax reduction?
Transactions made by using additional cards reduce the card holder's tax, once their TIN is registered with the Bank.
What happens when transactions are made using a card that provides interest-free instalments?
The installments that are stated in the credit card account within the given financial year will be calculated for tax reduction.
If I make a transaction worth 1.000€ in 10 installments within 2017, and the first 4 installments are charged during this year, then a total of 400€ will be calculated for tax reduction for the financial year 2017. The next 6 installments will be taken into consideration for next year's tax reduction.
This information is purely informative and constitutes by no means tax advice. The information contained on this page is subject to changes if new Ministerial Decisions or Circulars are issued.
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