- Greece is proposing to adopt Article 199 of the EU VAT Directive for the VAT Act in 2025
- The proposal is to remove the cash element of VAT from B2B domestic construction services to fight fraud
- This means VAT will not be charged by the vendor, and the customer will record the transaction as a ‘reverse charge’ with no cash payment
- Greece already operates the domestic reverse charge on sectors such as mobile phones, laptops, electricity, certain scrap materials, and carbon trading certificates
- The anti-fraud measure is popular across the EU, but a generalised domestic VAT fraud measure has not been widely adopted
Source: vatcalc.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.