On 17 October 2015, the Greek Parliament ratified Law 4337/2015 as part of the implementation of the third economic bail-out programme. Taxand Greece summarises the key tax changes introduced.
The new legislation covers the following areas:
Revised penalties for failure to file tax returns or for filing inaccurate tax returns assessed unpon completion of a tax audit
Relaxed penalities for violation of TP compliance obligations
Fictitious or forged fiscal documents; abolition of penalties for future violations and transitory provisions
Criminal tax evasion: changes in scope and applicaple penalities
For similar content to our Global Guide, subscribe to our mailing list and keep up to date.
Taxand's Take
Multinationals with operations in Greece should familiarise themselves with this information and make any necessary changes to their business procedures to remain compliant.