Who is eligible for a fine reduction of up to 50%?
Taxpayers who comply with a tax audit and accept the liabilities imposed on them will be eligible to pay lower fines, according to the Ministry of Finance. The quicker they accept the liabilities, the higher the discount they will receive. The aim of this new measure is to accelerate tax collection and reduce the backlog of tax disputes in administrative courts.
The fine reductions will be as follows:
- 50% reduction if the taxpayer accepts the main liability and submits a tax declaration within 10 days of receiving the audit notice.
- 40% reduction after the final corrective assessment is issued, while the deadline for filing an administrative appeal with the Dispute Resolution Directorate (ΔΕΔ) is still open.
- 30% reduction after receiving the decision from the Dispute Resolution Directorate or when the deadline for silent rejection passes, while the period for filing an appeal in the competent administrative court is still open.
- 25% reduction after filing a legal appeal and up to the day before the originally scheduled court hearing.
To activate the fine reduction, taxpayers must submit the necessary tax returns, which must be payable. Additionally, the acceptance declaration cannot be submitted more than 15 days after the tax return submission.
