Greece live VAT invoice reporting 2019

May 10th, 2018

Greece is to require real-time invoice reporting to the tax authorities. From January 2019, this will be required of all companies related to the public sector, and limited liability companies. It will be extended to all taxpayers from Jan 2020. Sales invoice details will need to be electronically submitted to the Greek tax authorities at the same …


VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Greece extends islands reduced VAT rate

December 26th, 2017

Greece is to extend the application of a 30% discount on its VAT rate for key holiday islands. The reduction will not continue to 30 June 2018 The islands include: Chios; Kos; Leros; Lesbos; and Somos. This is the last group of island to benefit from the tax subsidy, which has been gradually withdrawn following …


Greece VAT receipt lottery to fight fraud

October 18th, 2017

Greece is to become the latest country to launch a monthly lottery based on VAT compliant receipts in an order to reduce VAT fraud. From the end of October, every VAT receipt will be stamped with a unique number which will be automatically entered into a cash-prize draw organised by the government. Each month, 1,000 …


Avalara VAT Reporting content updates 01-06-2017

June 1st, 2017

Spain – VAT Reporting SII – Now available In this release, we have added the functionality to support the Spanish SII system of “Immediate Supply of Information” which comes into effect from the 1st July 2017. It applies to large companies, VAT Groups and members of the REDEME scheme and the tax authority has a test service …


Greece EU VAT bail out dispute

December 16th, 2016

Greece announced this week that it would not proceed with a planned VAT raise on certain holiday islands. The austerity measure has been agreed with major debtors of the country as part of a bail out programme stretching back to the Euro crisis. In addition to the VAT increase delay, the government also announced a …


Greek VAT registrations

November 8th, 2016

The Greek tax authorities are to provide directly registered foreign EU entities with new facilities to update their VAT registrations. Since 2013, non-resident companies from other EU member states have been able to register directly in Greece without the need to appoint a local tax agent. The tax authorities will now allow such companies to …


Greece raises VAT on island

October 20th, 2016

From 1 January 2017, Greece will withdraw the 30% VAT rate discount from the last group of holiday islands. The islands included are: Lesvos, Chios, Samos and Kos. The discount was given from the mainland standard VAT rate to help curtail reducing population rates on the remote islands.  The standard VAT rate in Greece is …


Greece to raise VAT registration threshold

July 6th, 2016

Greece is to propose an increase in its VAT registration threshold for resident companies. The Ministry of Finance is to propose increasing the current annual threshold from €10,000 to €25,000. The implementation date will be 1 January 2017. Non-resident companies must be VAT registered for the first taxable supply, subject to the local laws on …