Author: Taxeu

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...

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...

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...

No tax return for many retirees from 2016

The Ministry of Finance is planning to exempt pensioners from the obligation to submit an income tax return, if they do not receive income from other sources. This practice is expected to be effective from...

Reduced VAT on repair and maintenance expenditure

VAT is an indirect tax imposed on the final consumer of goods or recipient of services. In this short article, we will try to examine the VAT charged on the repair and maintenance cost of...

Non Greek citizens TAX

Many people moved to Greece for employment purposes or for relaxation after their retirement. However, all these people know very little about Greek tax framework and the liabilities that emerge due to their living in...

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