New extended transitional period (01.4.2018 to 31.12.2024) for ships mainly operating in open seas for VAT exemptions

• A new extended transitional period is introduced for the activity of ships mainly in open sea for the purpose of granting VAT exemptions.
• The decision A.1208/2023 modifies paragraph 1 of article 7 of POL 1177/19-9-2018.
• The transitional period now extends from 01.04.2018 to 31.12.2024.
• Ships that conducted voyages in open sea are considered as ships mainly operating in open sea.
• The transitional period was previously from 01.04.2018 to 31.12.2022.
• The new period also includes exemptions for ships in the specified category of article 27 of the VAT Code.
• These ships are those built for open sea, with a maximum external length of 12 meters or more, and engaged in passenger transport or commercial, industrial, or fishing activities.

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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