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Latest news from Greece

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

Greece introduce a domestic reverse charge mechanism on electronic devices

In an effort to prevent VAT fraud, the Greek government has implemented a domestic reverse charge mechanism on the supplies of mobile phones, games consoles, tablet PCs and laptops. This new mechanism, introduced on 1 August 2017, will mean that businesses providing these types of electronic devices will no longer have to charge VAT on… Read More