Greece

Government Measure

75 day suspension of the time-limits for the submission, expiry and payment of cheques and other negotiable instruments.

This measure applies to all negotiable instruments electronically submitted within 6 working days from the 31 March 2020 (or from date the relevant business is included in the list of businesses provided in the relevant Legislative Act of the Greek Government dated 11 March 2020 and the Ministerial Decisions issued (already or in the future) in accordance with the Legislative Act. Businesses featured on the list will, by virtue of their inclusion on the list, be deemed to have been severely affected by the COVID-19 pandemic (“Affected Businesses”)).

Eligibility

Affected Businesses plus any businesses not currently listed as Affected Businesses, provided that the aggregate value of these “suspended” instruments is higher than 20% of their average monthly turnover of the immediately preceding tax year.

Supervising Authority

Ministry of Finance

Availability

From 30 March 2020 until 31 May 2020.

Government Measure

Three-month suspension period for all deadlines concerning out-of-court settlement of debts.

The suspension of instalment payments does not result in default of payment.

Eligibility

Affected Businesses

Debtors that are not Affected Businesses may benefit from the above suspension upon submission of an application to the creditor and evaluation thereof by the creditor.

Supervising Authority

Ministry of Finance

Availability

Applications by debtors must be submitted by 30 April 2020.

Government Measure

Eligible entities entitled to pay 60% of their rent.

Eligibility

Affected Businesses.

Availability

Applicable during March and April 2020.

Government Measure

Deadlines for payment of social contributions pertaining to February and March 2020 is suspended.

Payment of overdue debts to insurance funds, due date of which expires from 31 March 2020 onwards are suspended.

Eligibility

Undertakings affected financially by COVID-19 (as determined by Business Activity Code), further details are available here and here.

Undertakings that their operation has been suspended pursuant to State’s decision.

Supervising Authority

Ministry of Finance (MiFin) / Ministry for Labour and Social Affairs

Further details will be determined by means of Ministerial Decisions.

Availability

Until 30 September 2020 for February social contributions.

Until 31 October 2020 for March social contribution.

Three months for overdue debts.

Government Measure

VAT payment deadlines from 11 March 2020 to 30 April 2020.

Collection of assessed debts overdue on 11 March 2020.

Deadlines for the payment of tax liabilities and instalments based on arrangement/settlement schemes expiring between 11 March 2020 and 30 April 2020.

During extension no interest and surcharges are imposed on the amounts due.

Eligibility

Undertakings affected financially by COVID-19 (as determined on the basis of their Business Activity Code), further details are available here and here.

Undertakings that their operation has been suspended pursuant to State’s decision.

Supervising Authority

Ministry of Finance (MiFin) / Independent Public Revenue Authority (AADE)

Availability

Until 31 August 2020 for payments due between 11 March 2020 and 30 April 2020.

Government Measure

25% deduction available on assessed tax debts and on instalments based on arrangement/settlement schemes being due in April 2020, provided that the remaining 75% has been paid in due time.

Eligibility

Undertakings affected financially by COVID-19 (as determined by Business Activity Code), further details are available here and here.

Undertakings whose operation has been suspended pursuant to the State’s decision.

Supervising Authority

Ministry of Finance (MiFin) / Independent Public Revenue Authority (AADE)

Availability

Currently applicable to tax liabilities payable between 1 April 2020 and 30 April 2020.

Government Measure

Immediate refund of income tax and VAT amounts up to €30k.

Eligibility

Legal entities which are Greek taxpayers under audit for the refund of taxes or VAT for which the amount claimed does not exceed €30k.

Supervising Authority

Competent Tax Offices (depending on the legal entity’s jurisdiction)

Government Measure

Relief from import duties and VAT on importation of goods necessary for combating COVID-19 outbreak.

Eligibility

All legal entities provided that the imported goods will be offered free of charge to certain beneficiaries (i.e. public authorities, public legal entities, non – profit making charitable bodies, etc.).

Supervising Authority

General Directorate for Customs and Special Excise Duty of the Independent Public Revenue Authority (AADE). Further details can be found at the AADE website (in Greek)

Availability

Until 31 July 2020. It applies to all importations made from 30 January 2020 onwards.

Government Measure

Extension of March and April 2020 deadlines for the submission of capital duty and stamp duty returns.

Eligibility

All businesses.

Supervising Authority

Ministry of Finance (MiFin) / Independent Public Revenue Authority (AADE)

Availability

Two months from each respective deadline.

Government Measure

Deadline for reporting tax documents for the purposes of information cross-checking (MYF).

Eligibility

All businesses.

Supervising Authority

Ministry of Finance (MiFin) / Independent Public Revenue Authority (AADE)

Availability

Until 20 June 2020.

Government Measure

Deadline for submission of “Declarations with respect to Leased Property”, (with a starting or amending date from 1 February 2020 to 30 April 2020) and “Declarations with respect to Short-Term Property Lease”, (with check-out or cancellation date from 1 February 2020 to 31 May 2020) extended until 30 June 2020.

Eligibility

All businesses.

Supervising Authority

Independent Public Revenue Authority (AADE)

Availability

Until 30 June 2020