Thousands of cases for income tax, property tax, VAT and other taxes will expire on January 1, 2024, and the Independent Government Revenue Office (AADE) will no longer be able to collect debts.
These are the following tax matters:
- Fiscal year 2017 tax cases (income tax and VAT) for which initial overdue returns were filed no later than December 31, 2021.
- Income tax cases that related to fiscal year 2014 but applicants filed their tax returns late. For specific cases, the main statute of limitations was eight years.
- Income tax and VAT cases for FY2012 for which “additional” data has emerged, such as virtual invoices, and therefore there are indications that the income was hidden and there was a case of tax evasion . In this case, the OTC time was a decade.
- Unfiled VAT returns for the 2012 financial year. These cases were subject to a ten-year statute of limitations.
- Cases of 2007. In cases where the income tax return was not filed for a certain year or the initial income tax return was submitted late, the limitation period is 15 years. This means that the tax office had the right to conduct inspections and impose fines and additional charges until December 31, 2022.
According to the decision of the Supreme Administrative Court of Greece (Supreme Court), 15 years is the maximum limitation period for tax evasion or late declaration.
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