The reduced VAT rate on non-alcoholic beverages in catering, cinema tickets, sports competitions, dance schools, and gyms is extended until 31st December 2022, with a provision included in a new Bill of the Ministry of Finance. According to the current legislation, the period of application of the reduced VAT rates normally expired at the end of June but the new and latest provision included in a bill that was put to public consultation extends for another six months the application of the reduced VAT rate to a range of goods and services.
Greece has reduced VAT on catering, tickets, and more until the end of 2022
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
583
Content accuracy validation date:
05.07.2022
Content accuracy validation time:
08:12h
Content
More specifically, based on article 35 of the bill, the following applications are extended until 31.12.2022 whereas a reduced VAT rate of 13% is applied to:
– non-alcoholic beverages of DK EX2202 and aerated waters of DP EX2201, para. 51 of Annex III to the VAT Code
– movie tickets,
– the carriage of persons and their luggage,
– tickets for sports competitions,
– tickets (right of entry) for zoos,
– catering services,
– services provided by gyms and services provided by dance learning schools, are listed in Annex III to the VAT Code.
According to the Ministry of Finance, the extension of the application of the reduced VAT rates to the above goods and services is considered appropriate, taking into account the continuation of the conditions of hardship in the economy due to the COVID-19 coronavirus pandemic and the energy crisis.
Other news from Greece
Greece's Tax Code Update: Digital Reporting Frees Certain Businesses from the Burden of Paper Administration
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
Greece's digitalization initiative is paving the way for a more efficient and transparent tax system, liberating small businesses from the burdens of traditional bookkeeping. Under the so-called reducing bureaucracy with the new Tax Procedure Code initiative, the Press Office of the Ministry of National Economy and Finance announced a press release with certain tax changes to the mentioned Tax Pro... Read more
In Greece, myAADEapp is the new application for direct and easy access to digital services from a mobile device.
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
The myAADEapp, a new innovative application of the Independent Authority of Public Revenue for mobile devices, was presented to the public by the Governor of AADE. MyAADEapp offers AADE's digital services to citizens and businesses at any time, wherever they are, through their mobile phones, also acting as a tax agenda, informing them about their tax obligations, and allowing them to download and... Read more
Deadline extension for Greek businesses to adopt upgraded solutions until late March
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
The Greek government has extended the deadline for businesses to declare their transition to the new, optional, all-in-one POS solutions to March 29, 2024. Further information is outlined below. It is noted by an AADE Press release that the deadline is postponed until March 29, 2024, for those businesses wishing to declare to the POS Registry that they are going to replace their cash register wit... Read more
AADE: The Greek platform for registering appointments for the cashier-POS interconnection is in operation.
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
On Friday, March 15, 2024, by the decision of the Governor of AADE, George Pitsilis, the Register of Technical Support Services was put into operation. FIM installation and support technicians should register on this platform for the scheduled appointments with businesses that are obliged to interconnect their cash systems with POS. The deadline for the declaration of scheduled appointments that... Read more
The last extension of the POS-cash register interface in Greece
Greece
Author: Kristina Dosen
The following announcement was issued by the Press Office of the Ministry of National Economy and Finance. The extension for 1+1 month was decided by the leadership of the Ministry of National Economy and Finance and AADE to complete without technical problems the major project of interconnecting POS with cash registers. Read more
The 3 most frequently asked questions about card payment instruments and obligations for interconnection in Greece
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
The most frequently asked questions regarding the new obligation to use and connect POS card payment terminals in Greece are questions such as: Which entities are obliged to accept payment card payment instruments (use of POS-EFT) and instant payment services from account to account (e.g., IRIS payments)? More questions and answers are as follows. Which entities are obliged to accept payment ca... Read more
Final countdown for POS-Cash Register Interconnection in Greece
Public
Greece
Author: Kristina Dosen
Greece
Author: Kristina Dosen
Without further delays, the project of interconnecting cash registers with POS card payment terminals is proceeding until February 29, 2024. From the competent bodies, the businesses are reminded that February 29 is the deadline for the interconnection of cash registers with POS after the extension given by one month by a joint decision of the Minister of Development, Mr. Kostas Skrekas, and the... Read more