Rduction of VAT rates for products needed to protect against the coronavirus and prevent its transmission. More specifically, under the Legislative Act FEK A/20.03.2020 (the act), there will be a reduction of the VAT rates from 24% to 6% for such products, i.e. hygienic masks and gloves, antiseptic solutions, wipes and other preparations, soap and other items for personal hygiene, and ethyl alcohol (if used as a raw material by industry for the production of antiseptics). The reduction applies until 31 December 2020.
Source Circular
Unofficial translation in English
Latest Posts in "Greece"
- VAT Neutrality and Reverse Charge on Import of Investment Goods
- Greek Council of State Protects Input VAT Deduction Despite Delayed Capital Asset Use
- Council of State: Ten-Year VAT Limitation for Fake Invoice Cases Discovered After Five Years
- Greece Clarifies VAT Deferral for Livestock Investment Goods under Special Regime
- Clarification of Annual Turnover Definition for Special VAT Cash Accounting Scheme
