Greece: Additional tax relief measures (COVID-19)

Greece: Additional tax relief measures (COVID-19)

Additional tax relief measures were enacted at the end of March 2020 to address the effects of the coronavirus (COVID -19) pandemic.

1000

Related content

Legislative Act 30.03.2020/2020 includes provisions to support businesses economically affected by the COVID-19 crisis by providing, in part, for:

  • A financing program that allows for a refund (fully or partially) of advance payments of tax
  • A 25% reduction of assessed liabilities on installments of tax payments that are due between 30 March 2020 through 30 April 2020 (value added tax (VAT) and withholding taxes are not eligible for this 25% reduction)
  • An automatic suspension of certain tax and social security liabilities
  • A suspension of tax audits and related deadlines; the statute of limitations that would apply during the period from 30 March through 31 May 2020 is extended to 31 July 2020
  • An exemption from VAT for donations of goods made to the Greek government in support of the efforts against COVID-19


Read an April 2020 report [PDF 375 KB] prepared by the KPMG member firm in Greece

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal