Greece Provides Tax Penalty Relief

Greece has provided penalty relief with the enactment of Laws 4509/2017 and 4512/2018. Law 4509/2017 includes that taxpayers may opt to apply reduced penalties for tax periods up to 31 December 2013 instead of those provided under Law 2523/1997 (generally applies up to 2014) where the assessment is issued on or after 1 January 2018, as well as for cases pending in dispute resolution or the courts as of 22 December 2017 and in certain other cases.

The reduced penalties provided by Law 4509/20…