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Tax Guide November 2019

Tax Guide November 2019

Consistent with our commitment to provide updated information on current tax issues, you may find below a list of filing obligations for the forthcoming period. We emphasize that this is not a comprehensive list, but rather a list of the most common tax filing obligations.

Picture of Constantinos Zafiris

Partner, Head of Accounting and Payroll Services

KPMG in Greece


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Withholding Tax

Taxes withheld in September

By 2 December
  • Submission of tax returns for taxes withheld on the following sources of income: 
    • Dividends
    • Interest
    • Royalties, if the recipient is an individual or a non-resident entity with no permanent establishment in Greece.

In order for reduced withholding rates pursuant to the Tax Treaties for the avoidance of double taxation to be applied, the foreign beneficiary of the income must provide the relevant tax residence certificate.

Respectively, in order to apply the provisions of the European Directives, as adopted by local provisions, and for nil tax to be withheld on income arising for non residents for dividends, interest and royalties, a nil withholding tax return must be filed. The relevant tax residence certificate should be duly drafted upon submission.

  • Submission of the withholding tax return and remittance of tax withheld in the following cases:
    • Salaries
    • Solidarity tax
    • Board of Directors fees
    • Employment severance payments
    • Fees for technical services, administration and consulting fees, when the beneficiary of the income is an individual or is a non-EU resident entity.

Other deadlines

Within the month of November, Greek legal entities – excluding those operating in the financial sector – should file their annual financial statements for the years 2016, 2017 and 2018 in a specific format to the Bank of Greece.

By 20 November

Direct electronic filing with the Bank of Greece of transactions effected within October (collections and payments of any nature) between legal entities operating in Greece and non-residents.

Entities operating in Greece should report their Ultimate Beneficiary Owners (UBOs) to the Central UBOs Register in accordance with the provisions of Law 4557/2018 and the relevant ministerial decisions. Entities are categorized in three groups based on the legal form they operate in Greece. The relevant deadlines are as follows:

Group A 25/11/2019  
Group B 28/11/2019  
Group C 12/12/2019  

By 29 November

Payment of the third installment of the Unified Real Estate Tax (UREOT).

Obligations of enterprises arising from VAT and other indirect taxes and duties

By 15 November

Payment of stamp duty on loans that were both concluded and recorded in the accounting books, during October between entrepreneurs (merchants), commercial entities and/or third parties.

By 26 November

Submission through the TAXISNET website of the intra community transactions listings which include amounts invoiced within October, (reported by tax registration number of the counterparty established in other EU Member States), for acquisitions and supplies of goods as well as for the provision and receipt of services.

By 31 October

  • Submission through the TAXISNET website of the periodic VAT return for October and payment of the amount due. The same deadline applies for submission of periodic VAT returns with a zero or credit balance
  • Submission of Intrastat returns for intra-community acquisitions and supplies of goods effected during October. The obligation to submit exists only when the value of intra‑community transactions has exceeded the applicable annual threshold, which for 2019 is set at EUR 150 000 for arrivals and EUR 90 000 for dispatches. 

Obligations of enterprises towards Social Security Funds and Labor authorities

By 15 November

Extension of the submission through the web link of the Ministry of Labor of the annual List of Personnel which includes the employer’s name, activity, registered address and tax registration number as well as the employees’ payroll data.

By 29 November 

Payment of social security contributions to EFKA and other Social Security Organizations for the payroll period of October.

By 2 December

Submission of the APR for the payroll period of October.

© 2020 KPMG Accountants Single Member S.A., a Greek Societe Anonyme and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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