Greece – e invoicing

Α. Provision of tax incentives for the implementation of e-invoicing

In the draft bill entitled “Microfinance framework, regulations for the financial sector and other provisions”, it is envisaged that a series of incentives will be provided to entities that choose e-invoicing through the use of electronic data providers, as an exclusive way of issuing their sales documents (issuers), as well as to entities – recipients of goods or services that accept e-invoicing through any provider (recipients), for tax years up to 2022.

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Greece – tax measures in response to COVID-19

According to article 1 of Legislative Decree No FEK Α’ 55/11-03-2020, for entities affected financially due to the spread of the coronavirus COVID-19, the VAT payment deadline may be extended and the collection of debts established through the filing of (debit) VAT returns may be suspended.

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Greece – increase of VAT rate as per 1 of June 2016 approved by parliament

747723_web_R_K_B_by_lunad_pixelio.deThe proposed increase in the standard VAT rate from 23% to 24% was approved by the Greek Parliament yesterday (22 May) and will take effect from 1 June 2016. The Bill introducing the VAT rate increase also provides for the abolition of the special 30% reduced VAT rates in the islands of Syros, Thasos, Andros, Tinos, Karpathos, Milos, Skyros, Alonnisos, Kea, Antiparos and Sifnos, where the new 24% standard rate will apply from 1 June.

Please contact Natalia Skoulidou for further details:

Image source: lunad /


Tour Operators Margin Scheme (TOMS)

The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.

The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »

Salary satisfaction

I had always been satisfied with my salary. To say this aloud might be dangerous. Maybe it is considered as missing aspiration for more.

I always adapted my needs to my financial possibilities. With such philosophy it’s just easier to live. With 16 when packaging newspapers during the holidays, with 17 when I worked at a petrol station, with 18 as ice cream seller, with 20 as skiing instructor, with 30 as tax adviser I thought my salary was great and I was satisfied.Read More »