In order to curb tax evasion and improve VAT compliance, the Greek administration has introduced mandatory monthly VAT returns. The new monthly VAT reporting requirements will apply, based on the date of VAT registration, to : Businesses starting from 1 April 2025 onwards : companies must submit VAT returns monthly from the outset. Businesses registered...
The reduction of the VAT rate from 24% to 13% on public transport, coffee supplies, cinemas, sports halls, tourist packages and non-alcoholic beverages is extended until December 31, 2023.
From 1st July 2021, the reduced VAT rate of 6% will apply to electronic books and publications. This measure follows EU Member States’s wishes to impose the same rate of VAT on books and written press in both physical and electronic formats.
On 20th July 2019, the Greek government introduced a bill to reduce the standard VAT rate from 24% to 22%, and the reduced VAT rate from 13% to 11%. The government has also proposed a VAT Suspension in the building sector. Parliament has not yet passed the Act and therefore no implementation date is known...
Greece has extended the 30% reduction on standard rates in the Greek islands of Lesbos, Chios, Samos, Kos and Leros. The extension will last until June 30th 2020.
Following the One Stop Shop reform that came into force on 1st July 2021, impacting the various players in the e-commerce chain, (e-sellers, marketplaces, dropshippers, etc.), the Greek tax authorities (AADE) have recently published guides and notes on the One Stop Shop on its website. The guide provides an overview of how the platform works...
Greece has extended the reduced VAT rate on coffee and non-alcoholic drinks, passenger transport (including their luggage) and cinema and theatre entrance fees until 30th September 2021. In addition, the reduced VAT rate applied to the tourism sector will be in force until 31st December 2021.
