Τhe voluntary disclosure of income from taxpayers, who will decide to make the relevant tax returns in order to avoid strict criminal penalties in case they will be discovered by tax authorities, has been extended until September 30, 2017.
More specifically, from June 1, 2017:
– The additional tax is calculated at 18% on the main income for voluntary income disclosure tax returns if the taxable person has not been notified previously for the temporary audit report for tax or fines. The additional tax is calculated at 36% if a temporary tax or penalty has been notified.
– For declarations which will be submitted from June 1, 2017 until the expiry of the deadline, taxpayers who have not receive an audit order are able to submit the tax returns. The additional tax is fixed at 12% of the main tax instead of 10% which was in action until 31 May 2017.
– The same additional tax of 12% of the principal tax is also levied on taxable persons in the following cases:
(a) In case the tax audit order or a request for information has been issued but the taxable persons have not been informed about it until the submission of the tax returns,
(b) In case the taxable persons submit their tax returns within 90 days from the day the tax audit order or a request for information has been issued, provided that the relevant audit order or a request for information is issued after June 1, 2017.
If the control order or the request for information is notified until 31 May 2017 and the tax statement is submitted within 90 days of the notification, the rate of the additional tax is calculated at 10% of the main tax and not at 12%.