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Greece to raise VAT registration threshold


Greece to raise VAT registration threshold

Greece is to propose an increase in its VAT registration threshold for resident companies.

The Ministry of Finance is to propose increasing the current annual threshold from €10,000 to €25,000. The implementation date will be 1 January 2017.

Non-resident companies must be VAT registered for the first taxable supply, subject to the local laws on registration and reverse charge.

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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.