- EU-based businesses can apply for Greek VAT exemption if their total EU turnover is ≤1 million euros and Greek turnover is ≤10,000 euros in the current and previous year.
- The Independent Authority for Public Revenue (AADE) manages the exemption process.
- Applicants must notify their home EU country, listing Greece as an exemption country.
- Quarterly turnover reporting is required to ensure compliance.
- Exceeding thresholds or failing to report leads to exclusion, retroactive VAT registration, and penalties.
Source: news.bloombergtax.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.
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