Greece proposes a new domestic reverse charge mechanism to prevent VAT fraud on construction services

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

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