Your professional business partner in Greece
TIMEVAT help foreign companies in most industries with registration, reporting and compliance in Greece. We are your VAT experts and consultants towards the Greek authorities.
If a company not established in Greece is providing ‘taxable supplies’ of goods or services in Greece, it may have to obtain a non-resident Greek export VAT registration. In accordance with the EU VAT Directive, foreign traders are legally obligated to register for Greek export VAT in certain circumstances in order to report taxable transactions and declare VAT that must be charged.
All businesses with any commercial activity in Greece must assess their compliance obligations and register prior to commencing taxable transactions if applicable.
What you need to know
There are various scenarios that would trigger an obligation to register for VAT in Greece. Some of the most common examples are:
- Importing goods into Greece from outside the European Union
- Buying and selling goods in Greece (excluding domestic reverse charge)
- Selling goods from Greece which are delivered to customers outside of Greece (business or private customers)
- Acquiring goods in Greece from another EU country (Intra-community acquisitions)
- Holding inventory in Greece for sale, distribution or consignment
- When total E-commerce sales of goods to consumers in EU, exceeds the threshold of € 10,000 companies are now eligible for signing up for (One-stop-shop) called the OSS scheme by SKAT.
If you already do business or plan to do business in Greece, you should contact TIMEVAT immediately. We speak the language, have easy access to the Greek authorities and now the procedures. Please contact us for advise and assistance.
VAT Rates, Formats & Thresholds
| VAT Rates | VAT Designation | VAT Number Format | Distance Selling Threshold | Intrastat Threshold | ||
| 24% | (Standard) | FPA | EL123456789 | € 10,000 *) | € 150,000 | (Arrivals) |
| 6/13% | (Reduced) | € 90,000 | (Dispatches) |
*) As of 1st of July 2021 companies are eligible to sign up for (One-stop-shop) the OSS scheme by SKAT when the total annual EU sales exceeds the threshold of € 10,000.
VAT return periods
Monthly
Quarterly
Annual returns
No
EC Sales Lists frequency
Monthly
EC purchase lists
Yes
Other reporting requirements
No
Reverse charge
Greece applies an extended reverse charge to a wide range of goods and services. Please contact us if you would like details of how the extended reverse charge applies in Greece.
Fiscal repræsentation
The concept of a tax representative does not apply in Greece.
