Greece: Procedures for the submission of CBC Reports have been issued.
Law 4484/2017 approved in July provided for the adoption of Country-by-Country (CBC) Reporting pursuant to Action 13 of the OECD BEPS Plan. Procedures associated with the submission of these reports has now been published by the Independent Authority for Public Revenue (IAPR).
The CBC Report is to be submitted through an electronic application on the IAPR website within 12 months after the year to which it relates. Electronic codes are to be issued by 15 December 2017 to enable such submission to the individual appointed as the Responsible Person of the relevant Reporting Entity. The deadline for submitting the CBC Report has been extended seven days due to technical issues associated with submitting the reports.
The CBC Reporting Notification must be made by the Constituent Entity via email no later than by the last day of the group’s CBC reporting year. Relevant Greek entities with tax years starting 1 January 2016 must submit their CBC Notifications for FY16 and FY17 by 31 December 2017.