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Instructions on adjusting input VAT deductions on capital goods related to non-use

Greece’s Independent Authority for Public Revenue (IAPR), in the context of complying with Decision 1862/2019 of the Greek Supreme Administrative Court, issued instructions1 regarding the obligation of taxable businesses to proceed with an adjustment of input value-added tax (VAT) incurred on the purchase or construction of capital goods, if they are not utilized within five years as of the date of the respective expense.

Source EY   Taxscan