The Public Revenue Authority released Circular POL 1049/2016 providing clarifications and examples as regards completion and filing of 2015 tax returns by legal entities subject to income tax on 20 April 2016. The Circular is accessible on the Public Revenue Authority’s website and in the significant Official Government Gazette issue. The Circular explains-

  • The deadline for filing tax return of 2015 will be at 30 June 2016;
  • the documents to be attached to the tax return;
  • the obligation to file the tax return electronically;
  • the form and content of the tax return

The Public Revenue Authority also published a document ΔΕΑΦ Β1071298 ΕΞ 2016 to clarify the tax year for Greek companies in which a foreign entity owns a participation exceeding 50%. The document explaining that the tax year for companies in which a foreign entity owns a participation exceeding 50% may not go beyond a period of 12 months and 15 days, because a period of more than 15 days is considered as a whole month.