The Greek Ministry of National Economy and Finance has recently introduced a new tax bill, currently undergoing\u00a0public consultation\u00a0as of late March 2026, which proposes significant changes to the penalty framework for tax compliance. A primary focus of this legislation is the reform of fines for late submissions of\u00a0\u00a0VAT declarations\u00a0where no tax is actually due (zero or credit returns).<\/p>\n
Key Proposed Changes to Penalties – A standard\u00a0\u20ac100 fine\u00a0is proposed for the late or non-submission of VAT returns, even when the return is zero or results in a credit. Previously, these fines were often higher or more variable based on the entity’s bookkeeping obligations.<\/p>\n – This flat \u20ac100 penalty will specifically apply to all entities obligated to maintain bookkeeping records, ensuring a uniform approach to late filings.<\/p>\n – The bill includes provisions to\u00a0abolish or reduce penalties\u00a0for specific historical violations if the principal tax amounts are settled within defined time frames (e.g., by December 31, 2026).<\/p>\n The public consultation period allows stakeholders to provide feedback on these measures before they are officially enacted into law. Businesses are encouraged to review their internal filing processes to ensure all declarations\u2014regardless of tax due\u2014are submitted on time to avoid the new \u20ac100 administrative penalty.<\/p>","protected":false},"excerpt":{"rendered":" The Greek Ministry of National Economy and Finance has recently introduced a new tax bill, currently undergoing\u00a0public consultation\u00a0as of late March 2026, which proposes significant changes to […]<\/p>\n","protected":false},"author":239137924,"featured_media":13770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","content-type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1387],"tags":[1416],"class_list":["post-13768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eu-vat-update","tag-greece-vat-update"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/meridianglobalservices.com\/wp-content\/uploads\/2026\/04\/grconsult_1140x360.jpg","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfNysa-3A4","_links":{"self":[{"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/posts\/13768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/users\/239137924"}],"replies":[{"embeddable":true,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/comments?post=13768"}],"version-history":[{"count":3,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/posts\/13768\/revisions"}],"predecessor-version":[{"id":13772,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/posts\/13768\/revisions\/13772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/media\/13770"}],"wp:attachment":[{"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/media?parent=13768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/categories?post=13768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/meridianglobalservices.com\/fr\/wp-json\/wp\/v2\/tags?post=13768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>The new bill aims to balance strict compliance with a more proportionate approach for administrative errors that do not result in lost state revenue (Zero or Credit Returns)<\/p>\n