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INTERNATIONAL VAT GUIDE

Last Updated: December 6, 2024

VAT Guide for Businesses with Customers in Greece

This guide provides an in-depth overview of VAT (Value Added Tax) in Greece, including applicable rates, registration requirements, invoicing rules, compliance obligations, and filing deadlines. It is tailored for businesses engaging in transactions within Greece or with Greek customers.

Overview

Greece’s VAT system is governed by the Greek VAT Act, in line with the EU VAT Directive. VAT is applied on most goods and services within Greece, as well as on imports.

Currency

Euro (€)

VAT Number Format

EL followed by 9 digits (e.g., EL123456789)

Fiscal Representation

Yes, required for non-EU businesses conducting VAT-related activities.

Voluntary Registration

Yes, available for businesses below the threshold.

VAT Rates in Greece

Rate Rate Type Description
24% Standard Rate Applies to most goods and services
13% Reduced Rate Applies to certain foodstuffs, medicine, and passenger transport
6% Reduced Rate Applies to books, periodicals, and specific medical supplies

VAT Registration in Greece

Business Type VAT Registration Threshold
Resident Businesses EUR 10,000 per annum
Non-Resident Businesses No threshold; registration required for any taxable activity in Greece

VAT Filing and Payment Deadlines

Frequency Filing Deadline Payment Deadline
Monthly Last working day of the following month Last working day of the following month
Quarterly Last working day of the month following the quarter’s end Last working day of the month following the quarter’s end

Digital Services VAT Information

VAT on Cross-Border Electronically Supplied Services Yes
VAT Rate on Digital Services 24%
Threshold for Registration EUR 10,000 per calendar year for EU-based businesses; no threshold for non-EU businesses
VAT on B2B Sales Reverse charge mechanism applies

Note:

Greece applies VAT on digital services based on the consumer’s location, generally utilizing the OSS system for cross-border services within the EU.

Digital Services in Scope

  • Website supply, web-hosting, and maintenance
  • Supply of software and updates
  • Streaming or downloading of music, films, games, including gambling

Exemption

Access to electronic newspapers and periodicals may be exempt under specific conditions, typically for educational or public interest purposes.

E-invoicing Requirements

While e-invoicing is mandatory for suppliers to the public sector (B2G transactions), Greece has introduced the myDATA (Greek e-books) platform for electronic reporting. This platform requires businesses to report their invoices and accounting data electronically to the tax authorities.  There isn’t a strict requirement to use the PEPPOL BIS format for all invoices. Businesses can use certified providers to transmit data in the required format.

Digital Reporting Requirements

Greece requires digital reporting for VAT-related transactions. Businesses are required to report VAT data electronically to the Greek tax authorities.   The myDATA system is the primary digital reporting requirement in Greece. All businesses are obliged to transmit their revenue and expense data electronically to the Independent Authority for Public Revenue (IAPR

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Disclaimer: The information in this article is for general informational purposes only and may not cover all aspects of German VAT. Consult one of our tax professionals for specific guidance regarding your business.

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