- Document relates to VAT on investment goods
- Provides clarifications on conditions for VAT suspension application according to a specific ministerial decision
- Published on December 12, 2024, under the VAT category
- Addresses the delivery and import of goods that cannot be independently integrated into the mechanical and other equipment of VAT subjects
- Issued by the General Directorate of Taxation, Indirect Taxation Implementation Department in Athens
- Specifies that the VAT for new mechanical and other equipment purchased by various industrial and agricultural enterprises is paid by the investor with the first VAT declaration after the purchase
- The value of the acquired investment goods increases both the taxable outputs and inputs for the tax period in which they were acquired
- The corresponding VAT increases both the output tax and the input tax for the same tax period
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.
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