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The existing framework for extrajudicial debt settlement for businesses, partnerships and freelancers is being extended until April 30, 2020. This four-month extension offers more debtors the chance to settle their debts, as well as people who have already visited the relevant platform, but not submitted their application, to complete the preparation process within the granted […]

A new form of fixed debt settlement is currently underway and is soon expected to be put in action. The following cases will be eligible: Taxpayers who owe Income Tax, ENFIA, VAT and other taxes and levies, confirmed within 2019, to the tax authorities or customs, but who have not yet included these debts into

On December 27-30, 2019, the annual Alliott Group Israel’s conference was held in Athens Marriott Hotel, to which John Kleopas was invited to participate as a lecturer. On 27 December, the first day of the conference, Kleopas Alliott hosted a refreshing cocktail reception for all the conference participants at its premises, in order to welcome

Kleopas Payroll Services Ltd SA has been honoured with a distinction at the Partner Awards Ceremony, held by ADP at its Annual Conference, organised in Vienna, on November 7, 2019. ADP is an integrated global provider of cloud-based human capital management solutions (HCM) that combines HR, payroll, tax and benefits administration services and is a

If an additional clause is included in a joint account stating that upon the death of any of the beneficiaries, the deposit and account thereafter pass on to the remaining survivors, then such deposit shall fall on the remaining beneficiaries free of any inheritance tax or other levy. However, attention should be paid to the

A company has the right to transfer its tax losses for offsetting with profits for five tax years. This right is lost if the direct or indirect participation in the legal entity’s share capital is changed to over 33% within the same fiscal year and simultaneously, a change happens, in the same or the following

The 25th of December 2019, the day of Christ’s birth, and the following day, 26th December 2019 have been determined as public holidays for all employees who have a contractual relation of private law with their employer. For the above mentioned days of compulsory public holiday, the employer has the following obligations: (a) If the

Statistical thresholds above which companies are required to submit an Intrastat statement were announced by the Hellenic Statistical Authority under EU Regulation 638/2004 and applicable from 1/1/2019 to 31/12/2019 and are as follows: Incoming flows (arrivals) are at €150,000 and outgoing flows (dispatches) are at €90,000. Businesses are liable to submit an Intrastat declaration if:

Two classes of fiscal e-books will be included in the “myData” platform of the Independent Public Revenue Office. The Detailed Records Book, that will briefly record the business income / expense statements, categorization of the transactions and registration of the necessary accounting entries that will determine the accounting and tax results for each year. The

The Independent Public Revenue Authority has announced that it will automatically offset taxpayers’ due debt with the income tax credit taxpayers are entitled to but have not been yet refunded with. Taxpayers will receive a relevant e-mail stating that non-adjusted debts have been automatically offset by Individuals Income Tax Refunds for the years 2015-2019 and/or