• New Process: The reformed IRC allows greater flexibility for audited taxpayers, making it easier for them to comply with tax requirements.
• Available Options: The voluntary compliance procedure can be activated at any stage before a case is brought before an administrative court, giving taxpayers more options for dealing with their tax obligations.
• Discounts:
  • There are graduated reductions in the fines, depending on the time of acceptance of the declarations.
  • The possibility of repayment in up to 12 instalments is given.
• Payment of Advance: To activate the procedure, the payment of 25% of the main tax is required.
• Fines reductions:
  • 50% reduction for submissions made during the audit.
  • Reduction of up to 25% in other cases of submissions.
• Προθεσμίες Υποβολής: Voluntary compliance must be achieved within specific deadlines, depending on the status of the audit.
• Prohibition of Recall: Once the returns have been submitted for specific audits, the taxpayer is not allowed to withdraw the tax return.
• Declarations of Acceptance: Declarations of acceptance shall be submitted in accordance with the standards laid down by the competent authorities.
• Consequences of Late Payment: If the payment deadlines are not met, the benefit of the discount is lost.
• Judicial Appeals: Voluntary compliance may affect the status of court actions already filed.

This framework highlights the new possibilities and beneficial conditions offered by the C.I.T., helping taxpayers to comply more easily and efficiently with their tax obligations.