On 14 November 2022, the Greek Public Revenue Authority (AADE) published Decision A. 1160 in the Official Gazette regarding the simplified income tax refund procedures for legal entities. Accordingly, if entities file their corporate income tax return online which results in a credit balance where the amount of tax paid in advance or withheld is greater than the tax due, the excess balance will be refunded without filing a tax refund application.
This simplified tax refund procedure is applicable from 19 November 2022. the taxpayer will be benefited from this procedure as they don’t have any other tax debts to the tax authority and the refund claim is under the scope of the statute of limitations.
