Those who tamper with cash registers and their memories will be subjected to heavy fines in Greece

Based on the recent AADE publication, fines of tens of thousands of euros will be imposed on those who do not provide or have deleted or tampered with records and memories of cash registers if they fall under the eyes of the control mechanism. If taxpayers have not submitted tax declarations, the fine per year can even reach 50,000 euros, as provided for in the relevant circular of the AADE.

If it is established that the audited entity has not complied with the accounting records provided for by the relevant provisions, a fine equal to 15% of its revenues from the business activity for each audited year, as derived from the average of the revenues declared with the income tax returns, is imposed for the last three tax years, not including the one for which the deadline for submitting the relevant income tax return has not passed. This fine may not be less than 10,000 euros per audited year if it is an obligation to keep simple books, or 30,000 euros per audited year if it is an obligation to keep double books, nor can it be higher than three times the lower fine, as the case may be.

The same fine is imposed in cases where, in the context of a preventive on-site audit, it is established by the competent audit bodies that the audited entity did not keep or did not provide the tax records, which are kept in electronic form.

In the event of non-declaration of loss of the FIM (an electronic fiscal mechanism), the fine is up to 2,500 euros.

In the case of non-submission of even one of the income tax returns of the last three tax years despite the existence of a relevant obligation, the fines range from 30,000 to 50,000 euros.