Greece Maintaining Interest Rates for Late and Undue Tax Payments

The Greek Public Revenue Authority (AADE) has published Decision A. 1121 of 3 August 2023, which provides that Greece will maintain the interest rates for late tax payments and the return of undue tax payments despite an increase in the European Central Bank’s Main Refinancing Operations Interest Rate.
As such, the interest rate on late tax payments will remain at 8.76% per annum, and the interest on undue tax payments will remain at 6% per annum. Decision A. 1121 is effective for a period of two years beginning 9 August 2023.