All entities in Greece are obliged to maintain their accounting books and records for their day-to-day transactions in accordance with the detailed, formalistic and often ambiguous provisions of the Books and Records Code (BRC).
In practice, the consequence of an entity’s failure to comply with above provisions has been proved, in certain cases, to be considerably serious. Thus, they could consist of general or lump-sum penalties, or may even result in more adverse implications leading to the rejection of the company´s accounting books and calculating its profits on a deemed basis.
By conducting a special tax diagnostic review on the company’s accounting software system, we aim to:
(a) determine any deviations from tax obligations;
(b) find out any tax omissions or infringements;
(c) suggest remedial actions;
(d) suggest improvements, simplifications etc.
Companies may benefit from our diagnostic review services on accounting software systems, with respect to the following:
- Identification of any accounting software system problems, omissions or deviations from the Greek tax legislation provisions.
- Provision of suggestions in order to deal and rectify the software system problems/deviations and, to the extent feasible, to minimise or even eliminate the company’s tax exposure associated therewith
- A detailed report incorporating our findings and highlighting the seriousness of each possible infringement, as well as the related tax exposure of the company.
