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Politics

New Tax Bill Improving Citizen Transactions, Reducing Fines for Taxpayers is Tabled in Parliament

ATHENS – A draft law reforming the Code of Taxation Process was introduced in parliament on Tuesday night, following the conclusion of public consultation.

The proposed legislation aims to modernize the Greek taxation system by leveraging new technologies, addressing technical issues related to debt payment, streamlining procedural rules, and offering up to a 50% reduction in fines if the taxpayer does not dispute the outcome of audits and agrees to pay the additional tax assessed.

Moreover, it proposes to exempt 1 million taxpayers from filing annual tax returns if their income is solely derived from wages and pensions. In such cases, the Independent Authority for Public Revenue (AADE) will automatically populate the annual return, allowing the taxpayer to raise objections before the tax deadline.

In response to the bill, National Economy and Economics Minister Kostis Hatzidakis stated that the new Code of Taxation Process will “address longstanding issues and enable us to make significant progress toward enhancing transparency in taxpayers’ interactions and transactions with tax authorities.”

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