What does AFM mean in GREEK
The Arithmo Forologiko Mitro (AFM) is a nine-digit number in Greece used to correctly identify taxpayers and assist with tax collection. It is issued by the Greek government's General Secretariat of Information Systems (GSIS). AFM stands for the Greek words “arithmō”, meaning number, and “forologikó mitró”, meaning fiscal meter. This is a unique identifier that must be used when filing taxes, declaring corporate assets, or when establishing a business. The AFM helps the government track and monitor all financial activities in Greece.
AFM meaning in Greek in International
AFM mostly used in an acronym Greek in Category International that means Arithmo Forologiko Mitro
Shorthand: AFM,
Full Form: Arithmo Forologiko Mitro
For more information of "Arithmo Forologiko Mitro", see the section below.
» International » Greek
Definition
The AFM number is a nine-digit alphanumeric code assigned to individuals or legal entities in Greece. It consistes of three parts - the first two digits indicate the tax office of the individual or entity, second three digits are random numbers assigned to each taxpayer and last four digits represent an individual’s tax year of origin. The AFM can thus be used to verify tax data and as part of various automatic operations such as providing certificates, direct debit orders etc. It is important to note that individuals who change their residence address will need to apply for a new AFM number from the Greek government through GSIS. Additionally any business entities established in Greece must obtain an AFM from GSIS before they can start operating legally.
Essential Questions and Answers on Arithmo Forologiko Mitro in "INTERNATIONAL»GREEK"
What is an AFM?
An AFM is an Arithmo Forologiko Mitro, which is a taxable identification number issued by the Greek Ministry of Finance. This identification number is required for individuals and legal entities to calculate and pay taxes in Greece.
How do I get an AFM?
An individual can receive an AFM by registering with the General Secretariat for Public Revenue (GSPR) either through post, in-person or online. Legal entities should register with GSPR in-person at their local Tax Office and submit all relevant documentation before receiving their AFM.
Is my AFM confidential?
Yes. Your AFM is kept strictly confidential and securely stored by the GSPR according to international privacy laws and regulations.
How long does it take to receive an AFM?
It usually takes up to 30 business days for the GSPR to issue your number after you have submitted your registration request either via post, in person or online.
Do I need an AFM for foreign investments in Greece?
Yes, you must provide your AFM when investing or trading financial instruments like stocks, bonds, mutual funds etc., with a Greek entity.
How often do I need to update my registered information?
Any changes in your registered information such as residence address or financial details must be promptly reported to the GSPR within 10 business days of any change occurring. Failure to do so may result in penalties imposed by the GSPR.
Can I apply for multiple AFMs?
No, individuals are only allowed one valid AFM at a time while legal entities are only allowed one valid identification number per branch or office registered with the GSPR.
Can someone else use my registered information without my authorization?
No, using someone else's taxpayer information without their permission is considered fraudulent activity and may result in criminal charges being brought against the perpetrator(s).
Final Words:
The Arithmo Forologiko Mitro (AFM) plays an important role in helping the Greek government monitor and track all financial activities within its borders. It serves as a unique identifier which allows taxpayers and businesses to accurately declare taxes, establish businesses or provide financial documents when needed. Although it may seem like just another bureaucratic process at first glance, it provides invaluable aid with tracking taxable transactions such as income taxes, VAT payments or declarations of company assets within the country. As such companies looking to establish themselves and individuals relocating within Greece should ensure they obtain an AFM number from GSIS before engaging in any financial activities within its borders.
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