By the term sole proprietorship we mean the commencement of the business activity of a natural person, which takes place under his own VAT number. In this case, the natural person bears full responsibility (jointly and severally liable with all his property) for any liability that may arise for the company to the state or to third parties.

Sole proprietorships are businesses that keep haplographic books in accordance with the Greek Accounting Standards (E.L.P.) of law 4308/2014 and are governed by the Greek tax legislation of law 4172/2013.

In practice, the category to which sole proprietorships belong means that they are obliged to record in their accounting books only their income and expenses, without the obligation to account for receivables, liabilities and cash assets. Their accounts should be updated at the latest by the end of the month following the end of each quarter.

Their main tax obligations are the submission of quarterly VAT returns as well as the submission of an annual income tax return. Beyond that, and depending on the activity of each business, additional declaratory obligations may arise.

Cooperation with "OptimusTax" guarantees:

• Consistency: The timely and valid updating of the accounting books of the company, which is a prerequisite for the proper processing of its tax obligations.
• Prevention: The timely and correct information of the entrepreneur, so that he can schedule the payments of the tax obligations of the business without problem.
• Information: The continuous updating of the entrepreneur on new tax developments in order to immediately adapt the business to them.
• Planning: The tax planning of the business for each new year, based on forecasts made in cooperation with the entrepreneur