Greece Faces EU Warning for Delaying VAT Directive Implementation

• The European Commission sent warning letters to member states regarding delays in incorporating European directives into national law.
• Greece is among the countries that have not incorporated two VAT directives.
• These directives aim to create a more favorable tax environment for small businesses and update the list of goods and services eligible for reduced VAT rates.
• The directives require member states to implement the necessary legislation by December 31, 2024.
• The Hellenic Bar Association had previously emphasized the need for harmonization with the 2020/285 directive.

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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