On 9 August 2023, the Greek Public Revenue Authority (AADE) issued Decision A.1121 of 3 August 2023. Greece has opted to keep the existing interest rates for late tax payments and the refund of improperly paid taxes intact, despite an upward adjustment in the European Central Bank’s Main Refinancing Operations (MRO) interest rate. As a result, the interest rate for overdue tax payments will stay at its current level of 8.76% per year, while the interest rate for refunds of unjustly paid will remain at 6% per annum.
These rates will be in effect for the next two years, starting from the date the decision is issued.
