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VAT rules amended: VAT on leasing arrangements, …..

  • Simplified option-to-tax procedure for professional leases of immovable property (amending article 8, paragraph 2, case d΄, subcase ii of Law 2859/2000 (Greek VAT Code))
  • Abolition of turnover discount notification requirement (replacing article 19, paragraph 5, case a’ of the Greek VAT Code)
  • Abolition of nine-year lease agreement requirement for buildings and other types of construction to be treated as investment goods (amending article 33, paragraph 4, case a΄ of the Greek VAT Code)

Source Deloitte

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