VATLive > Blog > Greece > Greek e-invoice incentives

Greek e-invoice incentives

  • Jul 21, 2020 | Richard Asquith

To encourage businesses to adopt the new Greek e-invoice regime, a range of incentives are being offered to businesses

  • VAT credit refunds will be made within 45 days of application instead of the regular 90 days
  • Any capital equipment investment may be fully written off in the year of acquisition
  • Similarly, the costs of producing and submitting electronic invoices may be immediately written off
  • The length of the statute period to issue a VAT assessment is being reduced from five years to two years

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Researching Greek VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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