The Greek tax authorities have changed their position on refund claims filed by retrospectively VAT-registered businesses for the input VAT incurred before they had registered for VAT. Until now, such claims had often been denied.
Under a recently released circular, the Greek tax authority has set out that a business registered for VAT retrospectively has the right to deduct input VAT paid in the tax periods from its date of VAT-registration, provided that the associated VAT returns have been submitted. Previously it had been very difficult to make such claims.
A successful refund claim depends on the rules being applied correctly. In Greece, depending on whether the business is established, or non-established, different procedures must be followed to ensure that a valid VAT invoice supports the refund claim.
At Accordance we are highly experienced in claim management. If you believe this development affects you, please do get in touch to discuss how we can help.