Digital Currencies and VAT in Greece: Implications and Future Considerations

• Pilot application of digital euro has started in the European Central Bank
• The VAT policy needs to be considered in relation to digital currencies
• VAT is regulated by Directive 2006/112/EC in the European Union
• Greece has harmonized its VAT policy with the EU directive
• The European Court of Justice has confirmed that digital currencies are exempt from VAT
• The specific articles in the directive explain the exemption of digital currencies from VAT
• Greece has not officially recognized the exemption of digital currencies from VAT
• The Greek tax authority is aware that digital currencies are exempt from VAT

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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