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VAT Deduction Limits, Statute of Limitations, and Tax Point Rules in Greece

  • VAT in Greece allows for deduction as long as goods or services are used for business purposes
  • Certain goods and services have VAT deduction limits, such as accommodation, restaurants, and entertainment expenses
  • Valid and compliant VAT invoices must be issued for each expense with VAT deduction
  • The statute of limitations in Greece is five years from the end of the tax year in which the VAT return deadline expires
  • Tax point rules in Greece determine when VAT becomes due, with exceptions for prepayments and continuous supplies of services
  • More information can be found on official websites and tools for VAT refund codes per country

Source: marosavat.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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