- Greece is proposing a new tax bill to reform fines for late VAT declarations, especially for zero or credit returns.
- A flat €100 fine will apply for late or non-submission of VAT returns, regardless of whether tax is due.
- The penalty will be uniform for all entities required to keep bookkeeping records.
- The bill may abolish or reduce penalties for past violations if taxes are settled by set deadlines (e.g., December 31, 2026).
- Public consultation is open, and businesses are advised to ensure timely VAT filings to avoid the new penalty.
Source: meridianglobalservices.com
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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