VATupdate

VAT measures relating to relief of wildfires victims

The Greek government announced the implementation of support measures for the citizens and enterprises stricken by the wild fires raging through the country in the past couple of weeks. Banks have also announced some measures for affected borrowers.

The relief measures will ease the tax obligations of residents in the affected areas, exempt them from property tax payments and freeze their loan repayments to banks, while a special account for material damage will be created.

Furthermore, there will be an extension until September 28 of the deadline for the submission of declarations concerning income tax, value-added tax and other deducted taxes.

Source: IBFD

Source (news): Ekathimerini