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  • Greek reverse charge on IT equipment

    Greek domestic reverse charge has been extended to supplies of IT equipment. Last 1 August 2017 the Greek government amended the current VAT law to introduce reverse charge 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 products that are often used for carrousel fraud purposes. This type of...
    • By Marosa VAT
    • Published 08/09/2017 13:02
  • Direct Greek VAT registrations now easier

    Greece has simplified the process to move from a registration via fiscal representative to a direct VAT registration. The Greek government started allowing direct VAT registrations 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 announced on 1 November 2016, EU businesses can change their registration status by...
    • By Marosa EU VAT
    • Published 30/11/2016 18:22
  • Greek VAT exemption for airlines

    Greece currently allows a VAT exemption 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 not only the revenues from the Greek branch. This approach...
    • By Marosa EU VAT
    • Published 27/10/2016 19:11
  • Offsetting Greek VAT credits against customs obligations

    Last 6 September 2016, the Greek tax authorities published guidelines on the procedure to offset customs liabilities against VAT credits. As in many other countries, the tax authorities in Greece can review any tax liability before accepting a VAT refund. These liabilities can be related to other tax obligations such as corporate tax or excise duties. This month, the authorities have clarified the procedure in which VAT refunds are balanced against outstanding customs duty payments. Taxpayers can apply to offset their...
    • By Marosa EU VAT
    • Published 30/09/2016 8:14
  • Greek postponed import VAT accounting

    The conditions for the application of postponed import VAT accounting in Greece have been updated. Currently, businesses importing goods in Greece can avoid the payment of import VAT by reporting these VAT amounts as input and output VAT in their VAT return. This system normally has a nil payment effect for the taxpayers (except for partially exempt businesses), hence providing a cash flow advantage for importers in Greece. To benefit from postponed import VAT accounting, companies must meet certain criteria...
    • By Marosa EU VAT
    • Published 30/09/2016 8:12