No changes to dead­lines for sub­mis­sions

Kathimerini English - - Front Page -

The Min­istry of Fi­nance has said there will be no ex­ten­sion to the dead­line for sub­mit­ting this year’s tax re­turns, em­pha­siz­ing that the cur­rent pace of sub­mis­sions is sat­is­fac­tory.

The min­istry said that 84 per­cent of tax re­turns had al­ready been re­ceived and that ex­ten­sions had been granted for ex­ist­ing cases.

Greece’s tax col­lec­tion sys­tem has been the sub­ject of in­tense scru­tiny as part of the coun­try’s new bailout pro­gram. A wave of new taxes are in the pipeline for later this year which aim to bring tax rev­enues in the sec­ond half of 2015 to 25 bil­lion eu­ros in or­der to meet this year’s fis­cal tar­gets.

De­spite ac­knowl­edg­ing the prob­lems that were cre­ated for cit­i­zens and es­pe­cially ac­counts by the omis­sions and leg­isla­tive de­lays that oc­curred while new ini­tia­tives were passed, the dead­lines for sub­mis­sion re­main un­changed. To­day is the last day that le­gal en­ti­ties can sub­mit their tax re­turns while in­di­vid­u­als have un­til Au­gust 26.

The min­istry also stressed that late sub­mis­sion would re­sult in penal­ties for taxpayers, such as a fine of 100 eu­ros in the case of in­ad­e­quate book­keep­ing and a sur­charge tax of 0.73 per­cent of the payable tax amount for ev­ery month sub­mis­sion is de­layed.

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