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  • VAT deduction before your VAT registration in Greece

    It is now possible to deduct VAT incurred prior to a VAT registration in Greece. Foreign taxable persons who should have registered but missed this obligation can now apply for a backdated VAT registration and deduct VAT on all invoices received during the period in which the company was not VAT registered. This simplification will be slightly more complex for non-established companies, as these businesses will need to receive credit notes and new invoices including their new Greek VAT number...
    • By Pedro MAROSAVAT
    • Published 13/09/2018 18:31
  • Mandatory Greek e-invoicing as from 2020

    As announced on 23 April 2018, Greece is planning to introduce a mandatory real-time reporting of invoices as from 2020 onwards. The Greek Ministry of Finance wants to start with a testing group of all invoices issued to public entities (B2G invoicing) and issued to Limited Liability companies. These invoices must be submitted to the Greek tax authorities in a standard, yet not defined format, starting on 1 January 2019. In the next step, as from January 2020, all taxable...
  • Greek reverse charge on IT equipment

    Changes to the reverse charge in Greece Domestic reverse charge in Greece has been extended to supplies of IT equipment. Last 1 August 2017 the Greek government amended the current VAT law to introduce changes to the reverse charge scheme on supplies of laptops, mobile phones, tablets, game consoles and personal computers. Greece is the latest country in Europe to introduce this widely extended reverse charge on these products. The Directive allows Members States to apply reverse charge on certain...
    • By Marosa VAT
    • Published 08/09/2017 17:57
  • Direct VAT registrations in Greece now easier

    A more simplified and direct process for all VAT registrations in Greece Greece has simplified the process to move from a registration via fiscal representative to a direct VAT registration.  The government started allowing direct VAT registrations in Greece only in 2013. In practice, for those already registered, it was difficult to move from a registration via fiscal representative to a direct registration without losing the initial VAT number and going through the complete registration process again.  Following the changes...
    • By Marosa VAT
    • Published 30/11/2016 19:48
  • Greek VAT exemption for airlines

    VAT exemptions for air passenger transport in Greece A VAT exemption in Greece is currently allowed on air passenger transport provided a number of conditions are met. The main requirement is that more than 50% of the total revenue of the airline comes from international flights. The Greek government has now clarified the application of this condition on Greek permanent establishments of foreign airlines. In this respect, permanent establishments of foreign companies must take into account their total income and...
    • By Marosa VAT
    • Published 25/10/2016 18:00