Additional tax relief measures for individuals and enterprises affected by the adverse economic consequences of the coronavirus (COVID-19) pandemic include extended deadlines for the payment of taxes and suspends collection of taxes.
Ministerial Decision A. 1200/2020 further extends the deadline for the payment of assessed tax liabilities by COVID-19-affected enterprises and their employees to 30 April 2021 (the deadline had previously been extended to 31 August 2020).
Although not explicitly mentioned, it appears that the extension also applies to assessed value added tax (VAT) liabilities, for which the payment deadline had already been extended to 31 August 2020.
Circular Ε. 2141/2020 extends the payment deadlines (and suspends collection) for assessed tax liabilities and installments of assessed tax liabilities subject to a special settlement or payment facilitation process for individuals (lessors) renting real estate property to persons who because of the COVID-19 situation were granted the benefit of 40% reduction on lease payments. The payment deadlines are extended to dates ranging between 31 August 2020 and 31 October 2020 depending on the date of the initial payment deadline. Also, there is now an opportunity to reduce the tax payment by 25% in cases of timely payment of these assessed tax liabilities (this reduction does not apply with regard to VAT or certain other liabilities).
Read a September 2020 report prepared by the KPMG member firm in Greece
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.