Author: Taxeu

November 4, 2014

Changes in the input VAT deduction process

On 30/10/2014, the General Secretary of the Public Revenue released a Decision on simplifying the process of input VAT deduction. This regulation relates to the approved warehouse-keepers of alcohol and alcoholic beverages owning more than...

Tax Bulletin

October 23, 2014

Remmitances abroad during 2009 – 2011

According to par. 3 of Art. 48 of Law. 2238/1994 (old ITC), in case of an increment in a taxpayer’s property coming from an unknown or non-continuous or non-usual source, the taxpayer may be requested...

Tax Bulletin

October 20, 2014

Shipping companies voluntary grant 2014 – 2017

The agreement between the Greek government and the Maritime Community, regarding the desire of the Community to provide funding for the difficult financial situation facing Greece, was ratified by art. 42 of L. 4301/2014. ...

Tax Bulletin

October 10, 2014

The Tax Scheme for Income in Kind and Benefits

The Ministry of Finance released on the 6th of October the Circular 1219/2014 regarding the tax treatment of income provided in kind by companies to employees and employees’ relatives. More analytically, if the market...

Tax Articles

October 6, 2014

New VAT payment and refund Scheme

The Circulars 1212/09-26-2014 and 1214/09-30-2014, released by the General Secretariat of Public Revenues, have modified the procedures for VAT payment and refund respectively. More specifically, according to POL 1212/09-26-2014, the refund claims, submitted by subjected...

Tax Articles

September 4, 2014

VAT DEVELOPMENTS 2014 2015

A number of significant changes regarding VAT took place in 2014, with the abolition of the annual VAT clearance return and the new simplified VAT form (effective from 01/01/2015) being the most important. TaxExperts’ VAT...