The Greek government has enacted Law 5104/2024 which introduces new codes of tax procedures.
The law is effective from 19 April, 2024, but some provisions will be enacted later in the year.
The revisions include digital notifications for administrative acts and documents, which will be legally served to taxpayers 10 days after posting on their account and email notification.
Tax Identification Numbers (TINs) can be suspended in cases of bankruptcy, insolvency, cessation of economic activity, or serious offences like tax evasion, smuggling, or fraud.
Taxpayers must provide requested information within 10 days, and those maintaining simplified books are no longer required to submit these to the tax authorities. Late or amended tax returns can be submitted up to 10 days after the preliminary tax assessment note is served.
Companies and branches subject to Law 89/1967 are exempt from documenting intra-group transactions, an exemption now incorporated into the law.
Tax audits must be completed within one year, with a possible extension of up to six months. The tax administration may conduct interim tax assessments based on available information in exceptional circumstances.
Automatic tax assessments will be made using pre-filled returns based on data available to the tax administration. The statute of limitations for issuing and serving tax assessment notes is five years. Penalties can be reduced if taxpayers accept the results of tax audits during the audit procedure.
