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> Economy

Floods 2023: Additional suspension of tax and social security obligations for those affected

Extension of payment deadlines and suspension of tax and social security debt collection for those affected by Storm Daniel

Newsroom February 27 02:00

The suspension of tax and social security obligations for eligible beneficiaries affected by the September 2023 floods has been extended.

A new amendment submitted to the Ministry of Rural Development and Food’s legislative bill further extends, for the specified period, the suspension of collection or payment of verified tax and social security debts for individuals, legal entities, and organizations due to the emergency needs arising from Storm Daniel.

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Specifically, the debts of individuals, legal entities, and organizations registered with the Independent Authority for Public Revenue, regardless of whether they are under a settlement plan, which had already been granted a suspension of collection or an extension of payment expiring between February 28, 2025, and March 31, 2025, under the decision A.1143/21.9.2023 by the Deputy Minister of National Economy and Finance, remain suspended or extended until July 31, 2025.

All types of social security contributions, both current and overdue, owed by individuals, legal entities, and organizations that had been granted a suspension or extension of payment due to the emergency needs caused by Storm Daniel—expiring between February 28, 2025, and March 31, 2025—are also extended until July 31, 2025, in accordance with decision D.15/d’/54593/23.12.2024 by the Deputy Minister of Labor and Social Security.

These debts will not accrue any late payment surcharges or interest, in line with Article 6 of the Public Revenue Collection Code (Law 4978/2022, Government Gazette A’ 190) and Article 52 of the Tax Procedure Code (Law 5104/2024, Government Gazette A’ 58).

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