Greece has proposed a tax reform introducing a flat €100 penalty for late or missing VAT returns, even when no tax is due, aiming to create a more proportionate and uniform penalty system. The measure, currently under public consultation, also offers potential relief for past violations and requires businesses to strengthen compliance processes to avoid penalties.
Greece Proposes Simpler Penalties for Late VAT Returns
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Greece
Author: Ivana Picajkić
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General information
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31
Content accuracy validation date:
28.04.2026
Content accuracy validation time:
08:30h
The Greek Ministry of National Economy and Finance has introduced a new tax bill (under public consultation as of March 2026) that changes how penalties apply to VAT compliance, especially for late filings where no tax is due.
The reform focuses on VAT returns with zero liability or credit, aiming to make penalties more proportionate for administrative errors that do not impact state revenue.
Proposals:
- Flat €100 penalty: A fixed fine of €100 will apply for late or missing VAT returns, even if no tax is payable or a refund is due.
- Uniform approach: The €100 penalty will apply to all businesses required to keep accounting records, replacing the previous system where fines varied depending on bookkeeping obligations.
- Relief for past violations: Some existing penalties may be reduced or cancelled if the main tax liabilities are settled within set deadlines (e.g., by 31 December 2026).
What should business do:
- Ensure all VAT returns are submitted on time, even when there is no tax due,
- Review internal compliance processes to avoid the new fixed penalty.
The proposal is still in public consultation, allowing stakeholders to provide feedback before the rules become final.
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