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Greece changes VAT recovery process for resident companies

  • VAT
  • 07 August 2013 | Richard Asquith

Greece changes VAT recovery process for resident companies

The Greek Value Added Tax authorities have recently overhauled its procedures for resident companies and local branches of multinationals to recover Greek VAT.

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.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.