The Laws naming Law 4509/2017 and Law 4512/2018 have already been officially gazetted. Government offered relief from penalty after enacting these Laws. Greece has provided penalty relief with the enactment of Laws 4509/2017 and 4512/2018. Law 4509/2017 gives an opportunity to apply reduced penalty up to December 31, 2013, where the assessment has issued from January 1, 2018.

According to Law 4509/2017, as of January 1, 2014, 50% of additional tax due, plus interest of 0.73% per month has been charged for non-submitting tax return. An interest of 3.5% per month has been charged in case of withholding tax (WHT) return and VAT return.

For the crime of filing incorrect tax return, 10% to 50% additional tax due, plus 0.73% interest per month has been imposed. Note that, here the 10% to 50% extra tax due depends on the amount taxpayers forget to mention in their tax return. Due to the similar offense, a 3.0% interest amount per month has been applicable for VAT and Withholding tax return.

The amount EUR 100 to EUR 500 has been charged in the offense of submitting late return and when no audit has announced. Also, an interest of 0.73% per month also imposed from 1 January 2014. For VAT and withholding returns, the interest rate is 1.5% per month.

On the other hand, under audit for any tax period, Law 4512/2018 offered reduced penalties in case of filing late return. The return must be submitted before the initial tax audit assessment for getting that reduction. In this case, 40% of the unpaid tax has been charged conditioning that the whole unpaid amount is paid by 30 days.