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13,509 entities submitted the simplified VAT declaration

Around 13,509 entities falling within the range of ALL 2 – 5 million submitted at the Tax Administration, within the legal deadline and without any penalties imposed, the simplified Value Added Tax declaration. Such figure constitutes around 95% of the total declarations generated by the system for small taxpayers, which had the obligation to declare and pay VAT for December.

The Tax Administration has continuously provided assistance for the small business entities to complete the books of sales and purchases, as well as to complete the simplified VAT declaration.

The General Directorate of Taxes would like to encourage all taxpayers to accurately fulfil their tax liabilities.