Recent Amendments to the Law of Assessment and Collection of Taxes

According to the recent amendments of the Assessment and Collection of Taxes Law, as from the 1st July 2011 all companies as well as self employed whose annual turnover exceed the €70,000 per annum must submit their Income Tax Returns electronically via the TaxisNet electronic System for the year 2010 and subsequent years.

Therefore each relevant person must submit an application to become registered with TaxisNet.

For the clients of Fidelico our Accounting Department will proceed to register our clients’ companies with TaxisNet to avoid unnecessary delay, unless otherwise instructed by the client.

Further clarifications for the matter can be given by members of Fidelico team.