VAT Exemption for Overdue Interest: Impact on Prorata Fractions and Tax Calculation

• Interest on arrears is not included in the VAT assessment base and is not added to the denominator of the fraction for prorata interest on arrears
• The interest on arrears is not part of the VAT assessment base and is not added to the denominator of the fraction for prorata interest on arrears
• Interest on arrears, which is not consideration but compensation for delayed payment, is not included in the tax base
• Access to the article is only available to subscribers and is protected by intellectual property laws
• Interest on arrears is not included in the VAT assessment base according to Directive 2006/112/EC
• The service or action requested is only available to registered members with access to the subscription service “Law and Decisions Archive”

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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