Greek VAT rates and VAT compliance

Greek VAT rates

Whilst the European Union sets the general tax rules, Greece still sets the VAT rates.  An exception is the minimum standard VAT rate, which must be above 15%.  There are also rules on which goods may be within the reduced VAT rate brackets.  It is important that companies use the correct rates since they are liable for any shortfall.

The current rates are:

Greece VAT rates

Rate Type Which goods or services
24% Standard All other taxable goods and services
13% Reduced Some foodstuffs; certain take away food; some cut flowers and plants for food production; some non-alcoholic beverages; water supplies; some pharmaceutical products; some medical equipment for disabled persons; some agricultural supplies; domestic care services; hotel accommodation (bed and breakfast); certain social services; restaurant and catering (other than entertainment centres); services for boarding schools; structures for disabled persons; structures providing accommodation for mentally disabled persons, people with mental disorders and drug users
6% Reduced
Some pharmaceutical products; some books (excluding e-books); some newspapers and periodicals; certain theatre and concert admissions; supply of electricity, gas and district heating
0% Zero Intra-community and international air and sea transport

Greek VAT compliance

Following obtaining a Greek VAT registration, non-resident companies must apply the rules on VAT accounting, invoices, rates and other procedures.  This includes:

  • Only issuing invoices with the disclosure details outlined in the Greek VAT Act.
  • Correct invoicing of customers for goods or services in accordance with the Greek time of supply VAT rules.
  • Use of e- invoices which must be in accordance with the latest Invoicing Directive.
  • Up keep of VAT books and other records to support and VAT returns, Intrastat and ESL declaration
  • Processing of credit notes and other corrections.
  • Use of approved foreign currency rates.

What is the tax point for Greek VAT?

The tax point (time of supply) rules in Greece determine when the VAT is due.  It is then payable to the tax authorities 10 days after the VAT reporting period end (monthly or quarterly).

For most goods, it is the time of delivery or passage of title.  For services, it is the completion of the service.

Latest Greek news

Greece primes for VAT e-invoice 2020

August 05, 2019

The Greek Finance Ministry is to launch a pilot of its proposed e-invoice regime in the second quarter of 2019. The plan is to require real-time invoice clearing by VAT registered businesses for B2B and potentially B2C invoices from 1 January 2019. In addition, all taxpayers will be required to keep their accounting records digitally.

EU VAT and tax veto review

January 25, 2019

The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states. 

EU implements VAT generalised reverse charge

January 09, 2019

The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.