New Regulation on Fines for Late Withholding Tax and VAT Declarations with No Tax Due

• A new provision was added to the tax bill specifying that a €100 fine applies to late or missing withholding tax or VAT returns, even if no tax is due (zero/credit returns), for those required to keep books.
• 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.
• The law clarifies and codifies the application of fines for late or missing tax declarations where no tax is payable.

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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