28/04/2017 Greece – Circular- Credit notes
Circular No. 1052/2015 has been released to clarify the use of credit notes, notably that these can be issued to correct VAT excessively charged (if not surpassing the maximum period for which an adjustment can be made). However, the VAT rate to be applied to the credit note needs to be the same rate as the initial invoice and both parties (issuer and the recipient) need to adjust the VAT return where they initially declared the adjusted invoice.
