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With a legislative act published on August 11th, 2020, it is possible to suspend employment contracts for the months of August and September, in the companies of tourism, food transport, culture and sports, based on the activity codes (KAD). Eligible businesses can suspend part or even 100% of their employees, who have been hired until the […]

The statistical thresholds, valid from 1/1/2020 to 31/12/2020, above which businesses are obliged to submit an Intrastat statement are as follows: ARRIVALS: €150.000 DISPATCHES: €90.000 According to Regulation 638/2004 of the EC (European Parliament), a business is obliged to submit an Intrastat statement when: It exceeds the statistical threshold of the reference year during the

As of 1st June 2020 new provisions apply to social security contributions of full time employees in the private sector. The Ministry of Labor decision foresees the reduction of social security contributions by 0.9% – with the final objective being that of reaching a 5% reduction by 2023. The reduction corresponds to 0.48% for the

A 2% discount is provided for the lump sum payment of income tax for individuals. Payment of individual income taxes can be made in 8 monthly installments, instead of 3 bimonthly installments, as has been the case to date. Payment of corporate income tax can be made in 8 monthly installments, instead of 6 monthly

The deadline for submitting tax returns for individuals and legal entities has been extended until July 29th, 2020 due to the repercussions of the pandemic. It is noted that the deadline for payment of the first income tax installment, originally set at July 31st 2020, remains unchanged.

We inform you that as per a new decision by IAPR (Independent Authority for Public Revenue), an extension has been granted to the original deadline for “Covid Declaration”, as follows: Property owners, whose rent has been reduced by 40%, under the current provisions, should submit a “Covid Declaration” for the rent change for March, April,

We inform you that according to the decision A1139 /12-6-2020 of the Independent Authority for Public Revenue (IAPR), lease declaration has been subject to the following changes: 1) Property owners, whose rent value has been reduced by 40%, under the existing law provisions, must submit a “Covid Declaration” for changes in rent for the months

The times we are going through, the era of the Covid-19 pandemic, is undoubtedly unique, both as an experience and for the individual and public health. Our firm is committed to meeting all your Accounting and Tax requirements, as well as the broader, long-term business needs. Even though our business is not directly working on

This mechanism comes into effect for the period from 1st of June to 30th of September 2020 with an extension possibility, if deemed necessary. The mechanism concerns seasonal businesses and will also include businesses operating for the first time, with not recorded revenue in the previous months. The mechanism will cover all existing full-time employees.

The program finances up to 60% of the income of an employee who will be put in part-time employment based on their net salary during full-time employment. If the employee is paid 50% of their salary during part-time employment, the program will offer 60% of the remaining 50%. In the event that his remuneration after