Greece introduces Voluntary Disclosure Programme

On 21 December 2016 a Voluntary Disclosure Programme (VDP) for undeclared income of previous years has been introduced in Greece through Law 4446/2016 (for prior coverage please refer to our blog). The VDP applies to both individuals and legal entities and requires the filing of standard tax returns for all non-declared tax objects. The application of the VDP ensures in principle that no other administrative and/or criminal penalties would be imposed to the taxpayer regarding the tax infringements restored by the VDP.

A decision of the General Secretary of State is still required to be issued for clarifying procedural and practical matters. Please read the analytical Newsalert from PwC Athens.

PwC has a specially dedicated team of experts dealing with the above voluntary disclosure allowing for a swift and cost efficient processing.

For more details, please contact:

Dr.Marcel Widrig
PwC, Partner
Anna-Maria Widrig Giallouraki
PwC, Senior Manager
Thomas Grossen
PwC, Assistant

Published by

Anna-Maria Widrig Giallouraki

Anna-Maria Widrig Giallouraki

Anna-Maria Widrig Giallouraki

Birchstrasse 160
Postfach, 8050 Z├╝rich
+41 58 792 42 87

Maria Widrig Giallouraki is a Senior Manager in Corporate Tax, specialised in advising international corporate groups on tax structuring. Maria is further due to her background and working experience specialised in EU tax matters and in charge of EU direct tax law at PwC Switzerland, actively acquiring EU related tax mandates for Swiss multinationals and their EU subsidiaries. Finally, due to her background and working experience in Greece, Maria is also in charge of cross-border structuring cases involving Greek companies and entrepreneurs.