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Latest news from Greece

Greece VAT rate cut to 22% from 2021

The Greek government has announced that it will look to reduce its standard VAT rate by 2% from 24% to 22% by 2021. There is no plan to lower their reduced VAT rates, which will remain at 13% and 6%.

Greece to introduce real time invoice reporting

From 1 January 2019, Greece are proposing to introduce a new mandatory real time invoice-reporting regime that will apply to all companies that sell to the public sector and limited liability companies (“LLC’s”). If introduced this new regime will require all businesses making these types of supplies, to declare the invoices to the Greek tax… Read More

Greece VAT receipt lottery to fight fraud

In order to try to reduce VAT fraud the Greek government has launched a monthly lottery based on VAT compliant receipts issued to consumers. From the end of October, every VAT receipt issued in the country will show a unique number which will be automatically entered into a monthly cash-prize draw organised by the government…. Read More