- The tax authority accepted as carried-forward VAT credit only the amount shown in the amended VAT return for 1/12/2022–31/12/2022 of the sole proprietorship.
- That VAT credit had already been included by auditors in valuing the sole proprietorship’s net equity as of 31/12/2022.
- The transfer of the sole proprietorship into an existing SA is treated as an in-kind contribution; the SA has a separate legal identity and VAT number, so there is no VAT identity continuity.
- Transactions carried out by the business during the transition period before its final discontinuation are deemed to have been made on behalf of the sole proprietorship and are taxed under the proprietor’s name.
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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