- Greece’s Ministry of Finance proposed introducing a domestic reverse charge on construction services sales
- Businesses would no longer charge VAT to business customers, who would be responsible for accounting for VAT in their returns
- This would eliminate the need for cash payments related to the VAT element of the transaction
- Greece already has the domestic reverse charge in place for sectors like mobile phones, laptops, electricity, certain scrap materials, and carbon trading certificates
Source: fiscalsolutions.co.uk
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.
