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-2020-14/287 – Updated – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 30 March 2020 – 30 June 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Elena Kousta (INE GSEE) and Eurofound|
|Measure added||05 April 2020 (updated 16 November 2021)|
Legislative Act 30 March 2020/2020, Law 4682/03.04.2020 and recent Law 4701/01.07.2020 (article 36) include provisions to support businesses economically affected by the COVID-19 crisis by providing (among others): a 25% reduction of assessed liabilities on installments of tax payments that were due between 30 March 2020 through 30 April 2020, 1 May to 31 May 2020 and 1 June to 30 June 2020 respectively. The 25% discount applies also on installments for tax liabilities (including VAT and withholding taxes) under a settlement scheme, provided that no past installment is overdue.
By virtue of the Legislative Act 30 March 2020/2020 and subsequent Laws 4682/03.04.2020 and 4701/01.07.2020 (article 36) entities, whose operation has been mandatorily suspended or have been economically affected because of COVID-19 (their main activity must be among the specific Activity Code Numbers announced by the Ministry of Finance on 26 March 2020), including freelancers and individual entrepreneurs, individuals eligible to receive the financial support of €800, are entitled to a 25% deduction on their installments in relation to
The above deduction does not apply to liabilities arising from the retrieval of government reliefs nor to tax liabilities towards foreign states. By virtue of special Ministerial Decision, the timely payment of the March tax liabilities, which are eligible for the 25% deduction, has been extended to 10 April. Based on relevant announcements by the Ministry of Finance, the above reliefs shall apply on condition that the beneficiary enterprises will retain the existing number of their employees.
Entities whose operation has been mandatorily suspended (249,474) or have been economically affected (595,395) because of COVID-19 (their main activity must be among the specific Activity Code Numbers announced by the Ministry of Finance on 26 March 2020), as well as freelancers and individual entrepreneurs.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
No special funding required
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), Deductions from assessed tax liabilities for companies retaining employees, measure GR-2020-14/287 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2020-14_287.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.