Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure GR-2020-11/280 – Updated – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 11 March 2020 – 31 October 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Deferral of payments or liabilities
|Author||Elena Kousta (INE GSEE) and Eurofound|
|Measure added||04 April 2020 (updated 01 December 2020)|
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.
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:
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.
The estimation is 500,000 companies with more than 1.5 million employees.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Eurofound (2020), Outstanding tax payments postponed to October, measure GR-2020-11/280 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2020-11_280.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.