Greece
VAT Name :
Foros prostithemenis aksias (FPA)
VAT Number Format :
123456789 (9 characters)
VAT Information Offices :
Ministry of Finance, General Directorate of Tax Administration, Directorate of Application of Indirect Taxes A Department VAT, Sina 2-4 106772 Athens
RATES
| Rate | Type | Which goods or services |
|---|---|---|
| 24% | Standard | All other taxable goods and services |
| 13% | Reduced | Foodstuffs; Live animals, seeds and plants for foodstuffs; Still water, Certain pharmaceuticals; Medical equipment; Transport of passengers; Cultural services; Hotel accommodation; Agricultural inputs; Domstic care; Gas and electricity; District heating; Live plants |
| 6% | Reduced | Certain pharmaceutical products; Specific books; Newspapers and periodicals; Admission to theatres |
| 0% | Reduced | Intra-community and international air and sea transport |
EXEMPTIONS
- Letting of immovable property
- Letting of residential property (excluding short term letting)
- Letting of commercial property
- Financial services
- Supply of land
- Admission to sporting events by non profit making bodies
- Option to tax can apply in certain cases to leasing and letting of immovable property, supply of buildings and land
THRESHOLDS
Registration Threshold : EUR 10.000
Distance Selling Threshold : EUR 35.000
Dispatches : EUR 90.000
Arrivals : EUR 150.000
Intra-Community Acquisition Threshold : EUR 10.000
VAT Free Shopping for Tourists : EUR 50
Non-Resident : Non-resident businesses without a fixed establishment must register for VAT (nil threshold)
PENALTIES
Late Filing : Fines between EUR 100 and EUR 2.500
Late Payment : 10%-30% of the VAT due
Failure to register : 1.5%-3.5% of VAT due with capping set at 100%-200% of VAT due
Other :
– Inaccuracies in returns; depends on VAT due
– In dispute; 10%-100% of disputed amount
– Late filing of EC Sales/Purchases lists; minor penalties
– Late/incomplete Intrastat; minor penalties
– Penalties may apply in cases of tax fraud, evasion, etc.
DEADLINES
Assessment Period : 5 years (can be extended to 20 years for tax evasion)
Standard Tax Period : Quarterly, to be filed before last day of the month following the tax period; monthly for annual turnover >EUR 1.5m
Sales and Purchase Lists (ESL and ESP): monthly – submitted by 26th day following reporting period
Intrastat: Last working day following the report period