Fine for lost accounting books and records

November 7, 2018

Under the current provisions:

  • If it turns out that the loss happened before 1/1/2014, fines of 500 euro per 50 sheets of lost tax data are imposed, according to the provisions of Law 2523/1997.
  • If the taxpayer proves that the loss of accounting books or records was happened between 1/1/2014 (entry into force of the Tax Code) and 16.10.2015 or was due to reasons of force majeure, no fine is applicable.
  • If the loss of the accounting books or records was happened from 17/10/2015 onwards, a fine of 2.500 euros will be imposed, (article 54 of Law 4174/2013).