An array of new measures directly related to Greece’s tax code is reportedly included in the government’s latest agreement with institutional creditors, part of a revision of the third memorandum.
Measures include a reinstitution of fines for failure to issue receipts and invoices, as well as other infractions uncovered during inspections by tax authorities. Conversely, a simplification of the regime governing VAT remittances is foreseen, including the abolition of quarterly VAT statements by thousands of businesses.
The agreement also includes commitments by the Greek side for stricter rules and automatic procedures governing foreclosures and auctions of assets seized by the tax bureau for overdue debts owed to the state.
Other measures include a possible elimination of tax deductions and tax incentives for corporate entities and abolition of preferential treatment of maritime companies
