Greece to Automate Fines for Late Tax Filings

Greece’s Independent Authority for Public Revenue (AADE) will launch a new automated system in October to issue immediate fines for late income tax and Value Added Tax (VAT) filings.

The system, part of a broader digital overhaul of the tax service, is designed to improve compliance by eliminating bureaucratic delays. 

Fines will be issued and delivered to taxpayers automatically upon a missed deadline.

Penalties are set at €100 for late income tax returns. 

For late VAT filings, the fine is €250 for businesses with simplified accounting and €500 for those with double-entry books.

No penalties will be applied for late amended returns if the initial filing was submitted on time.

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