By Vangelis Dourakis

With “automated” procedures and record time, the Independent Public Revenue Authority plans to impose fines on those who are delayed to fulfill their obligations to the tax office: so far it took months to confirm a fine of late submission and a statement.

Under the new regime, the fines provided will be immediately certified by TAXISnet and will be communicated electronically to taxpayers immediately upon completion of electronic submission of late statements.

In which cases will the fines automatically impose

As provided for in the new Operational Plan of AADE, the automation of the issuance of a fine on the submission of VAT declarations and other withholding taxes of legal entities, as well as the E1 form by natural persons will be implemented within the third quarter of 2025.

Specifically, the “automatic” fines will be charged to the late income tax returns, when submitting VAT returns, summary tables, transfer taxes, as well as income tax return, withholding taxes, ship taxes, fishermen’s taxes, taxes, taxpayers Extraordinary remuneration and percentages (bonus).

If the submission of the late declaration shows the obligation to pay tax or other fines, they will be incurred by the automatic fine of late submission.

What fines will be imposed ‘automatically’

To date, fines in the late delay are delayed, months or even years and are also charged by a late payment, which is calculated during the period between the date that the declaration should have been submitted until the date of the delay.

The amount of fines, which will be “automatically” confirmed by the late Tax Procedure Code will be as follows:

  • In the event of late submission of an initial income tax return, a fine of 100 euros shall be imposed.
  • If the taxpayer carries out business, the fine amounts to 250 euros if he holds simplistic books or 500 euros if he holds duplicate books.

For the late amending income tax returns and if the initial timely declaration has a credit balance of tax on refund and from the late amending a debit amount of tax to pay, then:

  • If the taxpayer is not a businessman or a freelancer, he will be charged a fine of 100 euros.
  • If the taxpayer is a businessman or a freelancer, he will be charged a fine of 250 euros if he holds a simplified books or 500 euros if he holds duplicate books.
  • If the tax payment deadline has elapsed, then the taxpayer will also be charged with late payment interest calculated on the result of the result between the timely and late amendment, with 0.73% for each month from the regular payment deadline until the date of payment.

Also, if the initial deadline for a debit tax debit for payment and the late amendment had an increase in the debit balance, then:

  • If the taxpayer is not a businessman or a freelance professional, he will be charged a fine of 100 euros.
  • If the taxpayer is a businessman or a freelance professional, he will be charged 250 euros if he holds simplistic books or 500 euros if he holds duplicate books.
  • If the tax payment deadline has elapsed, the taxpayer will also be charged with late payment interest calculated on the additional debit balance dispute, with 0.73% for each month from the regular payment deadline until the date of submission of the late amendment.

A fine is not imposed (100, 250 or EUR 500), provided that the original or amending declaration shall result in a tax amount of up to EUR 100.

In terms of VAT and withholding taxes, in any case of late submission of initial or amending declaration, fines of 250 euros are applied to Subsidiary Books and EUR 500 for adherence to business books and freelancers.