VAT Gap cut from €6 billion to €3 billion with myDATA reporting, POS reporting and e-payments Greece is turning into the new poster child of anit-VAT fraud policies. Its Prime Minister, Kyriakos Mitsotakis, has been claiming significant progress Greece has made in reducing VAT fraud through
AADE authority set-up AI-backed unit to take on VAT missing trader fraud and other tax evasion The Greek tax authority, Independent Public Revenue Authority (AADE), has established a new centre powered by AI tools to identify VAT carousel similar tax evasion. This is similar to
Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis and takeaway or delivery non-alcoholic beverages will now be permanent. They were due to return
2025 removal of cash element of VAT from B2B domestic construction services to fight fraud Greece’s Ministry of Finance is proposing in its 2025 Budget to adopt Article 199 of the EU VAT Directive for the VAT Act, which mandates the shift of VAT compliance
1st January 2025 B2B e-invoicing mandate – EC permission request Greece has applied to the European Commission for permission to mandate the use of B2B e-invoicing. It is hopeful of receiving a derogation from the VAT Directive by September in time for a 1 January
Finance Ministry targets extra €2 billion VAT collections from digitalisation of reporting The Greek Finance Ministry is aiming to improve on the nearly 20% VAT gap losses in tax revenues from a range of measures. Greece is looking to emulate the success of Poland and
VAT imposed on renters of three or more properties 2024; hike in ‘stayover tax’ Greece is to automatically apply VAT on sharing economy home renting where the provider offers three or more properties. The VAT rate on accommodation in Greece is currently 13%. This is
Transaction data based on myDATA submissions now available for 2022 filings onwards The Greek tax office, AADE, is now offering voluntary pre-completed VAT returns for taxpayers to use. This covers late or corrective 2022 returns going forward. This service has been introduced at the start
Annual customer and vendor consolidated report ends 15th June 2022 The Greek annual statement of supplier and customer invoices is to be withdrawn this year. The last year, covering 2021, must be submitted by 15 June 2022. This is an extension announced this week –
