Greece: Extension of submission deadline for 2016 tax returns
The Finance Ministry has announced a decision relating to the extension of the tax return submission deadline. Under Article 3 of law no. 4172/2013, the deadline for submission of individual and company income tax returns is to be extended until
See MoreGreece: Extension of deadlines for tax payment, levies, fees
The Financial Secretary, Katerina Papanatsiou, signed and made a decision to extend the deadlines for submission of tax returns and payment of taxes, levies, fees and the extension and suspension of payment confirmed debt due to strong earthquakes
See MoreGreece signs Multilateral Convention to Prevent Tax Avoidance, Double Taxation
The Deputy Finance Minister, Katerina Papanatsiou, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 76 other countries and
See MoreGreece: Reform Law 4472/2017 published
The Government published Law 4472 on 19th of May 2017 in the Official Gazette. It includes several reform measures concerning the medium-term fiscal targets for 2018-2021 and tax cuts for legal entities. Therefore, the corporate income tax (CIT)
See MoreGreece: Parliament adopts a draft bill amending Income Tax Code and VAT Code
The Parliament has adopted a draft bill on 11th of April 2017, which contains some amendments on income tax code and VAT code. The Corporate Income Tax payment needs to be completed by six installments instead of eight. Note that, the first
See MoreGreece: Guidelines for implementing MAP
The Public Revenue Authority has presented guidelines via POL 1049/2017 in relation to implementation of the Mutual Agreement Procedure (“MAP”). The Guidelines give detail on the provisions recently introduced in the tax code. According to the
See MoreGreece: Guidance for company re-organizations
Guidance regarding tax rules through Circular POL 1057/2017 have been issued by the Public Revenue Authority. The guidelines clarify the rules on restructuring in relation to the different types of company at a domestic or EU cross-border level,
See MoreGreece: Some important amendments on draft bill sent
An amendment regarding the draft bill, which amends the Income Tax Code and other provisions was submitted to the Greek parliament on 16th March 2017. The amendment states to the tonnage tax payment and the NAT special levy of category A
See MoreGreece: Judgment on SOL provision for taxpayer’s refund claim publishes
The Council of State/Supreme Administrative Court published its decision (No. 425/2017) related to the statute of limitations (SOL) provision for the taxpayer’s refund claim. In accordance with the Court, the taxpayer’s claim for refund of the
See MoreGreece: Draft bill amending Income Tax Code and other provisions submits
A draft bill was submitted to the parliament on 8th March 2017. When adopted, the draft bill presents an amendment to the provision of article 52 of the Income Tax Code about the tax treatment of a transfer of assets of the transferring company in
See MoreGreece: Filing deadline of tonnage tax returns using new online system issues
The Public Revenue Authority has released a Circular 1027/2017 on 23rd February 2017 that the filing deadline for the tonnage tax returns using the new online application system is 20th March 2017 and the deadline applies only for the year 2017.
See MoreGreece: Submission of aggregate customer statements of voluntary disclosure releases
The Public Revenue Authority has published a document ΔΠΦΥ Β 1018794 ΕΞ 2017 on 7th February 2017 that provides clarifications on the submission of aggregate customer statements by suppliers and traders contained by the framework of the
See MoreGreece: Decision on online application for filing tonnage tax returns
The Public Revenue Authority published Circular 1022/2015 on 16th February 2017. The Circular communicates the decision of the Director of the Public Revenue Authority to permit tonnage tax returns to be submitted using the new online application.
See MoreGreece: Deadline for TP file submission for two investment projects extends
A press release has been published by the Finance Ministry on 16th February 2017. It states that the deadline for the transfer pricing (TP) file submission concerning the investment projects General Entrepreneurship (Γενική
See MoreGreece: Online application for filing tonnage tax returns of category A vessels issued
The Public Revenue Authority has published a press release regarding new online application for filing tonnage tax returns of category A vessels on 14th February 2017. The Director of the Public Revenue Authority is projected to issue a decision
See MoreGreece: Intrastat thresholds for 2017 released
According to articles 7 and 10 of Regulation 638/2004, the Greek Statistical Authority has published a press release on 1st February 2017 on about Intrastat reporting thresholds applicable in 2017. On the basis of public announcement, the threshold
See MoreGreece: Road tax clarifications issued
The Public Revenue Authority has been released a Circular 1014/2017 on 26th January 2017 regarding road tax. It states that road tax administrative acts are not challenged via the administrative appeal procedure, but through an appeal to the
See MoreGreece: Deadline extension of voluntary disclosure of undeclared income
An amendment to Law 4446/2016 was adopted on 20th January 2017 by the parliament. The amendment made an extension to the deadline for the tax return filing within the framework of the voluntary disclosure of undeclared income. The new deadline is
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