- A new digital application for the European VAT Scheme for Small Enterprises is now operational on the myAADE portal.
- The scheme removes the need for small businesses to obtain a VAT number and file VAT returns in each EU country where they sell, reducing administrative burdens.
- Eligible businesses must be EU-based and have an annual turnover not exceeding €100,000 across the EU, and not surpass the exemption threshold in the relevant member state.
- Through myAADE, Greek businesses can apply for the scheme, expand to new member states, submit quarterly reports, and notify authorities if turnover limits are exceeded.
- The Independent Authority for Public Revenue (AADE) manages the system, communicates with other EU states, and provides support via phone and digital channels.
Source: e-forologia.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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