According to the decision (POL 1048/20.02.2014) of the Ministry of Finance,  the provisional tax declarations, those submitted on time, those overdue, as well as the initial and the amending ones for correction purposes, regarding the tax withheld from the payment of remuneration amounts for technical services, management fees, consultancy services fees and other remuneration amounts for similar services, concerning the fiscal year 2014, should be submitted only electronically and the related tax is necessarily attributed either through the use of an electronic communication method via the internet or through the banks.

The system, upon finalization of the declaration submission, produces the so called ''Debt-ID-Code'', an essential element for the tax payment.

Those subject to withholding tax with a rate of 20% concerning the above mentioned remunerations, in accordance to the provisions of Article 64 of Law 4172/2013 (Government Gazette A 167), paragraph 1, section d, are obliged to submit a provisional declaration at the latest until the end of the second month following the date of payment of the above mentioned remuneration subject to taxation, which includes the gross amounts paid and the attributable income tax amount withheld.

The present decision is in effect from the fiscal year 2014 and onwards, for fees / income earned, received from 01.01.2014 and onwards.

NOTE: This article does not cover advisory, but only informational purposes, and cannot serve, as a basis for further actions, on the part of   the reader. Reception of specialized advice is required.

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