VATupdate
greece

Share this post on

Tax Agency Clarifies Tax Treatment of Subsidies, Input VAT Deduction Rules

Circular No. E. 2059 explains that: 1) subsidies directly connected to the price are included in the taxable base if they constitute total or partial consideration, and if they are paid to the supplier of goods or provider of services by a third party; 2) the deduction is provided to the extent that the goods and services are used to carry out taxable transactions; 3) …

Source: bloombergtax.com

Sponsors:

VAT news

Advertisements: