Annual VAT adjustments in Greece: partial exemption method

Certain businesses need to adjust their input VAT deducted throughout the year according to their partial exemption method.


This amendment can also be used to reflect capital goods adjustment. Annual summary returns were previously used to reflect these adjustments but, following the repeal of the obligation to file these annual returns, adjustments should now be made in the third month (for companies filing monthly) or the first quarter of the following year.


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