1 May 2024
During April, Greece’s Ministry of Finance put forward a proposal to introduce a domestic reverse charge on the sale of constructions services in the country. If implemented, the new mechanism will mean that businesses involved in making these types of supplies will no longer have to charge VAT to business customers. Instead, it will be the customers’ responsibility to account for the VAT in their own returns. This removes the need to make cash payments in relation to the VAT element of the transaction, which is often prevalent to fraud.
Greece already operates the domestic reverse charge on a range of VAT fraud-sensitive sectors, including:
- mobile phones, laptops
- electricity
- certain scrap materials
- carbon trading certificates
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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