Suspicious VAT registrations suspended in Greece
Following a recent decision by the Greek tax authorities, VAT registrations in Greece will be suspended automatically by the tax authorities when there are signs or evidences of potential fraud.
26 February, 2016
Strict measures on VAT registrations in Greece
The signs listed by the authorities are however common in a day to day business. For example, repeatedly filed nil returns, or missing to file a number of returns in a given period can trigger an ex officio VAT de-registration. There are other scenarios triggering the deregistration such as not being present at the registered address or being investigated for carousel fraud in another country.
Before an automatic de-registration, the company will be notified in advance and will be allowed to prove the need to remain VAT registered.