Tax Diagnostic Reviews

Greek entities come across numerous tax, accounting and legal problems, mainly because of the frequent amendments in the legislation as well as ambiguities of the relevant provisions.

Our experience has shown that the tax authorities have taken advantage of the considerable interpretative latitude of the tax system in order to levy high additional taxes and fines.

PwC has developed a highly successful Tax Diagnostic methodology which comprehensively covers the complex requirements arising from Greek tax legislation.

An independent tax review will be carried out which will cover your company’s main tax exposure in the event of a future tax audit.

Our work will focus on significant issues that may affect the validity of the company’s books and records i.e. the adequacy and accuracy of the books which are the main prerequisites for the company to be taxed according to the results of its books and not on a deemed basis.

Conducting this tax review on your company will determine the following significant results:

• Our tax diagnostic review will assess the company’s execution and implementation of the most important requirements arising from Greek tax legislation.
• Any deviations from the requirements of the Greek Books and Records Codes, Corporate Taxation, VAT and other taxes, will be identified and reported to you.
• Where possible a quantification of the estimated cost of the issue and an assessment of the likelihood of the cost arising will be provided.
• Significant tax issues will be brought to your attention together with our recommendations for minimising or eliminating the company’s exposures.