- The European Commission sent warning letters to Greece for not implementing the directive on special VAT regime for small businesses and for not communicating measures for the full implementation of the VAT rate directive
- Member states were required to implement the directives by December 31, 2024
- The directive on special VAT regime allows small businesses to sell goods and services without imposing VAT and reduces compliance obligations
- The directive on VAT rates allows for wider use of reduced rates, including zero rates for basic products like food and pharmaceuticals
- Greece has two months to respond and complete the implementation in national law, or the Commission may send a reasoned opinion
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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