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Public Consultation on Fines for Late Withholding Tax and VAT Declarations Without Tax Due

  • A new provision in the tax bill under public consultation clarifies that a €100 fine applies to late submissions of withholding tax or VAT returns by book-keeping entities, even if no tax is due (zero/credit returns), effective from April 19, 2024.
  • Fines previously imposed for such returns before the law’s enactment will be amended: non-owed fines will be deleted, offset against debts, or refunded if no debts exist.

Source: taxheaven.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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