Factsheet for measure
GR-2020-11/280
–
Updated
– measures in Greece
Outstanding tax payments postponed to October
Αναστολή φορολογικών υποχρεώσεων έως τον Οκτώβριο
Background information
The Greek government's package of measures to support businesses and individuals affected by coronavirus measures began its implementation Friday (20 March 2020) and it is still on going until 31 October 2020.Specifically, payment of outstanding debts that had a deadline between March 11 and April 30, 2020, will be extended to August 31. The same will hold true of debts under an installment plan. The same exact dates of payment deadlines and the August extension also holds true for VAT-related debts.
Content of measure
By virtue of A.1074/2020 as amended by A.1085/2020 & A.1075/2020 as amended by A.1086/2020, Art. 14 L.4690/2020, Α.1148/2020 & Α.1149/2020, the measure applies to:
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Businesses that have ceased their operations with a State decision
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Businesses that have been substantially affected by the situation.
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Employees whose contracts are temporarily suspended.
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Individuals eligible to receive the financial support of €800.
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Natural persons - owners who lease their estate to said businesses and their employees.
Greek authorities have created a list of the latter based on the Code of Business Activity (ΚΑΔ) as this has been declared to the Tax Authorities. For these companies, and only in the condition that they will not dismiss any personnel, payments related to tax liabilities and monthly instalments are suspended or extended till 31 October 2020 without interest or surcharges.
For businesses which compulsorily discontinue their operation due to the spread of coronavirus or their KAD is included in the list of the Ministry of Finance, there is a provision by law that they will pay 60% of the rent on the commercial property for the months of March and April. The same applies to the rent of employees of undertakings who are compulsorily ceasing their activity due to the spread of the coronavirus and whose employment contract is suspended, on the condition that this is their first residence.
Updates
The following updates to this measure have been made after it came into effect.
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05 November 2020
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By virtue of Art. 35 Law 4753/2020 the Ministry of Finance announced the extension of deadlines for the payment of VAT liabilities and suspension of payment of certified VAT liabilities and installments, that expire between 1 November to 30 November 2020, free of interest or surcharges. Same also applies to liabilities arising from VAT returns with a filing deadline on 30 November and 31 December 2020, until 30 April 2020. Eligible are Businesses having specific Activity Code Numbers (ACN), in case they are holders of post-dated cheques for which the relevant suspension applies, if their total value is greater than 20% of the business' average monthly turnover in the preceding tax year
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Use of measure
The estimation is 500,000 companies with more than 1.5 million employees.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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Applies to all businesses
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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National government
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Other
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: Unknown
Involvement
Not known.
Views and reactions
Not applicable
Sources
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20 March 2020: Κορονοϊός: Aναστολή καταβολής ΦΠΑ και βεβαιωμένων οφειλών των επιχειρήσεων που επλήγησα
(www.epixeiro.gr)
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21 March 2020: Outstanding tax payments in Greece postponed to Augus
(www.tornosnews.gr)
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05 April 2020: suspension of tax and VAT payments
(covid19.gov.gr)
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30 May 2020: Law 4690/2020
(www.et.gr)
