Greece 4 month VAT payment deferment for coronavirus
- Aug 14, 2020 | Richard Asquith
14 Aug - Greece has confirmed reduced VAT 13% on non-alcoholic beverages and cinema entrance to 31 October; and 25% discounted VAT liabilities on June filings.
25 July - reduced VAT on music books (6%) and sports events admission (13%) until 30 June 2021.
7 July - VAT advance payments have been reduced for VAT registered businesses by between 30% and 70% dependant on the drop in their revenues in the first half of 2020 compared to the same period in 2019.
23 June - taxpayers may apply for 12-month interest free payment plans on their VAT due between March and September 2020. There is also a two-year option with lower interest charges.
22 June - the 30% discount on the VAT rate applied in five holiday islands is to be rolled over to 2021.
17 June - taxpayers who do not take advantage of the 25% VAT discount on liabilities may extend their payment deadlines to 30 September.
12 June - Greek e-books and e-ledgers to start implementation from 20 July 2020.
12 June - a range of goods (medical, high sugar content drinks, domesitc heating and electricity, paper-based books) have been cut to the 6% and 13% reduced VAT rates between 1 June and 31 October.
10 June - VAT is to be cut from 24% to 13% on public transport services from 1 June until 31 October 2020. This will include: taxis' ferryies; and public transport.
The right, on application, to offset 25% of VAT paid in the April filing has been allocated to the next payment due in June.
25 May - May VAT return payment deadlines are delayed, without charges, until 30 September for qualifying busineses.
21 May - VAT rate on public transport, coffee supplies and non-alchoholic drinks will be reduced from 24% to 13% from 1 June and 31 October.
15 May update - May VAT returns payments deadline has been extended to 31 August 2020. There will be no penalties or interest due.
13 May update - Greece is reviewing cutting catering services VAT from 13% to 11% furing the COVID-19 crisis. The likely implementation date would be 1 June 2020.
20 April update - Greek e-invoices and e-boooks implementation has been delayed until June 2020.
11 April update - VAT payers who do not lay off staff my withhold 25% of their VAT due in April to assist durig the COVID-19 crisis.
7 April update - the Greek tax office is reviewing VAT cuts to assist the tourism sector. The may include in the second half of 2020:
- cuts to transport and ferry VAT rates from 24% to 13%; and
- reducing hotel and similar accomodation services to 13%.
30 March. The Government of Greece has introduced a number of tax measures to help businesses cope with the COVID-19 epidemic. These include:
- A Value Added Tax rate cut from the standard 24% rate to 6% on medical products related to the epidemic;
- For businesses affected by the outbreak, VAT payments due up to 30 April is posponed until 31 August 2020; and
- Any outstanding VAT at 11 March will not need to be paid until 31 August 2020.
- The filing of 2019 sales lists has been delayed to 30 June 2020.
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