As of 1st January 2019, newly adopted amendments to the Greek VAT Code provide for the following:
- The scope of the 6% reduced VAT rate is extended to apply to:
- Sticks and Braille typewriters for the visually impaired; and
- Concert tickets which do not provide any other supply, other than the performance; and
- The application form for 13th directive VAT recovery claims has been revised. This is to ensure easier processing by the tax authorities. The new form is also available in English.
Also, the Public Revenue Authority has clarified that companies’ accounts must be recorded in euros. Although company issued invoices may declare amounts in other official currencies, the VAT owed must still be stated in euros.
If you believe you are affected by the above developments and would like some further advice, please do get in touch.