Greece
Overview of CbC reporting requirements
First reporting fiscal year: Commencing on or after 1 January 2016
Consolidated group revenue threshold: EUR 750 million
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
Greece confirms that its rules have not changed and continue to be applied effectively. Greece continues to meet all terms of reference.1
The exchange of information framework
Peer input was received for Greece about missing or incomplete information in CbC reports sent to another jurisdiction. Greece has since introduced changes to its IT systems to ensure such missing or incomplete information will be identifiable in advance, and these changes will be effective in time for the next exchange of reports. As Greece has taken steps to address this issue, no recommendation is made but this aspect will be monitored.
Greece confirms that its rules have not changed and continue to be applied effectively. Greece continues to meet all terms of reference.
Appropriate use of CbC reports
Greece confirms that its rules have not changed and continue to be applied effectively. Greece continues to meet all terms of reference.
Note
← 1. Greece’s 2017/2018 peer review included a general monitoring point relating to a specific process that would allow Greece to take appropriate measures in case Greece is notified by another jurisdiction that such other jurisdiction has reason to believe that an error may have led to incorrect or incomplete information reporting by a Reporting Entity or that there is non-compliance of a Reporting Entity with respect to its obligation to file a CbC report. This monitoring point remains in place.