- Circular E. 2066/2023 clarifies VAT treatment of revenue from contracts for differences (CFDs)
- CFDs should be treated as a supply of services subject to VAT at the standard rate of 24%
- VAT exemption of article 22 of the Greek VAT Code does not apply to revenue from derivatives that are not traded on a securities market
- Circular does not provide an effective date or clarify which transactions fall within its scope
- Further guidance expected to be issued by the Ministry of Finance.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
