The VAT declarations submitted by H&M in Greece in recent times are anticipated to move by way of an “audit sieve”, after the uproar attributable to the revelations concerning the tax violations dedicated by the multinational.
In line with data, the AADE is getting ready to hold out a sweeping examine on the corporate’s “books”, to be able to set up whether or not the VAT declarations embody the revenues ensuing from the receipts that it had reduce, however had not transmitted to the Authority’s digital system.
It’s recalled that yesterday and within the earlier days the AADE determined to shut 5 multinational shops in numerous areas of the nation (Athens – Syntagma, Glyfada, Volos, Rhodes, Kalamata) and to impose excessive fines, as a result of after a examine it discovered that it had no transmissions hundreds of receipts (nearly 200,000 in complete) that he issued over an extended time frame.
The case has raised authentic questions out there, with many questioning what precisely is happening with the multinational. And the way an organization of such scope was caught not complying with the tax regime.
What does H&M reply?
The multinational, after a query despatched by OT relating to the above developments, attributed the tax violations to a technical downside in its system, “which solely affected the transmission of digital information to the AADE digital portal”.
It reiterates that each its native and abroad groups are repeatedly working to resolve the difficulty in collaboration with its technical supplier, including that it’s investigating with the assist of “each inner and exterior technical specialists, what could have trigger the technical downside”.
In closing, he factors out that this can be very vital for the corporate to comply with and totally adjust to the Legal guidelines and tax laws in all of the international locations wherein it operates, and emphasizes that it’s “on the disposal of the Greek Tax Authorities, totally respecting their institutional position”.
Questions stay
Nonetheless, questions stay, with the market eagerly awaiting the end result of the reason for the technical downside. And particularly for the time frame when the tax violations have been dedicated, as it’s a enormous multinational with a presence in 73 international locations that ought to not depart such vital points for its operation to… probability.
Supply: OT.GR
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