- Special VAT regime (MME) for small businesses allows them to sell goods and services without charging VAT to customers and simplifies VAT compliance
- Small businesses choosing VAT exemption will lose the right to VAT deduction on goods and services used for exempt supplies
- Eligibility for VAT exemption is based on annual turnover not exceeding 100,000 euros in all EU member states
- New maximum national annual threshold set at 85,000 euros for VAT exemption within the MME system
- Cross-border application allows small businesses in other EU member states to exempt VAT on their supplies
- Simplified compliance includes single registration and a unified quarterly report for VAT purposes across all member states.
Source: taxheaven.gr
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.
Latest Posts in "Greece"
- Administrative Support Services Subject to VAT When Not Closely Linked to Social Welfare
- Greek Parliament Approves Mandatory B2B E-Invoicing Bill, Implementation Expected by 2027
- Greece Establishes Mandatory B2B E-Invoicing Law, Awaiting Technical Details and Implementation Date
- eInvoicing in Greece
- When Tax Authorities Wrongly Reject VAT Deductions: Legal and Practical Implications
