The Greek Tax Authority has set important deadlines for the end of July that concern both individuals and businesses. These tax obligations include critical payments and declarations that require immediate attention from taxpayers.
The tax calendar of the Independent Authority for Public Revenue presents an intensive schedule of obligations that peaks on July 31st. Timely compliance with these deadlines is a priority to avoid additional financial burdens.
Key payments due by end of July
The main tax obligations expiring on July 31st include the first installment of income tax. Additionally, there is an option for lump-sum payment with significant discounts ranging from 2% to 4% for individuals.
The fifth installment of property tax 2025 is also a critical obligation, while simultaneously VAT for June or the second quarter of 2025 is due. It should be noted that lump-sum payment discounts do not apply to legal entities.
Consequences of delays and available solutions
Overdue debts are charged with interest of 0.73% monthly, while the Tax Authority reserves the right to take enforcement measures. These include freezing bank accounts and seizing assets.
For taxpayers facing difficulties, the standard payment plan offers a solution with 2 to 24 installments, while in exceptional cases up to 48 installments are allowed. The minimum monthly installment is set at 30 euros, with interest rates varying according to the plan duration.
Interest rates and payment plan terms
The interest rate for 2 to 12 installment plans amounts to 5.32%, while for longer plans of 13 to 24 installments the rate increases to 6.82%. This tiered structure reflects the Tax Authority’s policy of encouraging faster debt repayment.
Careful management of tax obligations is key to avoiding unnecessary financial burdens and maintaining good tax compliance behavior.
