The President of the Economic Chamber of Greece, Konstantinos Kollias, has sent a letter to the head of the Independent Authority for Public Revenue and the political leadership of the Ministry of National Economy requesting an extension of the deadline for making corrections to the new Activity Codes (KAD) until December 31. This request comes in light of significant issues and ambiguities discovered during the completion of the process, which are causing operational difficulties for businesses and accountants alike.

The letter highlights several problematic areas, such as the addition of KAD that do not correspond with the actual activities of businesses. This misalignment could adversely affect audits, subsidy processes, and ultimately distorts the real representation of the businesses in administration records. Moreover, the lack of specific guidance from the authorities regarding these corrections has exacerbated challenges, as businesses and accountants are struggling to navigate the new system effectively.

The extension request aims not just to alleviate immediate concerns but also to ensure that accountants and tax professionals are adequately informed through clear guidelines and directives from the Independent Authority for Public Revenue. Addressing these issues will help ensure smoother operations for businesses navigating regulatory frameworks, especially in an economic environment where precision and compliance are critical; thus, a timely intervention is deemed necessary.