Tax Guide October 2020

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.

Withholding Tax

Taxes withheld in August

By 2 November

• 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.
   

By 7 October

Extension of the deadline for the submission of the above tax returns for taxes withheld in July.

Other deadlines

By 20 October

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

By 30 October

Payment of the first and second installment of the Unified Real Estate Tax (UREOT).

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

By 7 October

Extension of the deadline for the submission through the TAXISNET website of the periodic VAT return for August and payment of the amount due. The same deadline applies for submission of periodic VAT returns with a zero or credit balance.

By 15 October

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

By 26 October

Submission through the TAXISNET website of the intra community transactions listings which include amounts invoiced within September, (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 30 October

Submission through the TAXISNET website of the periodic VAT return for September 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 September. 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 30 October

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

By 31 October

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 2 November

Submission of the APR for the payroll period of September.