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Country Profiles

Country flagGreece (FPA)

Greece  being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.

 

Standard VAT Rate: 23%

Reduced VAT Rate: 6.5%, 13%

Registration Threshold Distance Selling: 35,000 €

EU VAT number format: EL999999999

 

VAT Registration

A taxable person not established in Greece, carrying out taxable supplies in Greece, is obliged to register in order to account for VAT in Greece, unless it is specifically exempt.

 

VAT Compliance

Regulations covering Greek transactions for Value Added Tax purposes, include:

  • Specific invoice requirements
  • Timeliness for an invoice to be issued
  • Invoice and credit notes corrections rules
  • Foreign currency reporting requirements and exchange rate sources
  • Correction of previously submitted returns and accounting records that must be maintained for VAT purposes. 

 

VAT Returns

Fiscal representatives of foreign taxable persons file quarterly VAT returns.

The time limit for filing the VAT return is 20 Days from the end of the relevant tax period. The filing deadline starts from the 20th of the month following the tax period and extends over 4 days. The actual filing deadline depends on the last digit of the VAT registration number (AFM) of the taxable person (e.g. the September VAT return for a taxable person, whose last digit of AFM is 1 or 2, must be filed not later than 20 October; if the last digit is 3, 4 or 5 not later than 21 October, etc.). A different deadline is applicable to electronic filing.

National holidays and Saturdays/Sundays are excluded from the count.

 

Intrastat and EC Sales Lists

The Intrastat discloses details of movements of goods between Member States which take place for commercial reasons, recording the movement whenever goods enter the territory of Greece from other Member States or leave it to other Member States.
Declaration must be filed monthly once the annual threshold is exceeded.

Intrastat declarations can be submitted either in paper format or electronically on a monthly basis. The due date for submission is the 20th day of the month following the reference period, on the condition that the relevant thresholds have been exceeded. The actual filing date depends on the last digit of the VAT registration number. Holidays and weekends are excluded from the count.