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Latest news from Greece

Greece cuts VAT rate on some food items, including for restaurant and hotel services

Greece has confirmed that from 20 May 2019, the following VAT rate reductions will take effect: From 24% to 13% on: all kinds of pasta and bread, fish and crustaceans, coffee, tea, fruit juices and vegetables, salt, vinegar, various food items based on cereals, flours, starches, and food items for the preparation of sauces, broth… Read More

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