Greece VAT

Standard VAT Rate:

• The standard Value Added Tax (VAT) rate in Greece is 24%.

Reduced VAT Rates:

• Reduced VAT rates of 13% and 6% apply to specific goods and services.

These reduced rates apply to items like:

• Food products.
• Pharmaceuticals.
• Books.
• Accommodation services.

VAT Registration:

• Businesses operating in Greece must register for VAT if their taxable transactions exceed specific thresholds.
• Foreign businesses conducting taxable transactions in Greece may also be required to register.

VAT Returns:

• VAT returns are filed periodically (monthly, quarterly, or annually) depending on the business's turnover.
• Electronic filing is mandatory.
• Intra-Community Transactions:
• Transactions with other EU member states are subject to specific VAT rules.
• The reverse charge mechanism may apply.

Imports and Exports:

• Imports into Greece are subject to VAT.
• Exports to countries outside the EU are generally exempt from VAT.

VAT Refunds:

• Foreign businesses may be eligible for VAT refunds under specific conditions.
• Refund procedures are defined by Greek tax legislation.

E-commerce:

• E-commerce transactions are subject to Greek VAT rules.
• EU wide regulations also apply.

Real Estate:

• The transfer of newly constructed buildings are subject to VAT.
• The transfer of older buildings may be exempt.