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Clarifications on VAT Suspension for Investment Goods: E.2076/2024

  • Document relates to VAT on investment goods
  • Provides clarifications on conditions for VAT suspension application according to a specific ministerial decision
  • Published on December 12, 2024, under the VAT category
  • Addresses the delivery and import of goods that cannot be independently integrated into the mechanical and other equipment of VAT subjects
  • Issued by the General Directorate of Taxation, Indirect Taxation Implementation Department in Athens
  • Specifies that the VAT for new mechanical and other equipment purchased by various industrial and agricultural enterprises is paid by the investor with the first VAT declaration after the purchase
  • The value of the acquired investment goods increases both the taxable outputs and inputs for the tax period in which they were acquired
  • The corresponding VAT increases both the output tax and the input tax for the same tax period

Source: taxheaven.gr

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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