Greece changes VAT recovery process for resident companies
- 6 August 2013 | Richard Asquith
The new measures will shorten dramatically the time to recover VAT, from over six months in cases to up to two months. The VAT authorities will also reduce the number of automatic VAT audits.
Fast refund of Greek VAT credits
Companies will also be able to apply for an immediate refund of VAT credits rather than rolling over any VAT surplus to future reporting periods.
Any delays to the above schedules will entitle companies to overdue interest payments.