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Import and export of electricity

9 Dec 2014

The Ministry of Finance has issued new guidelines concerning the import and export of electricity. Taxand Greece provides an overview of the changes and simplifications.

On 20 November 2014, the following guidelines were issued:

  • A customs licence can now be issued in the name of the interested company's customs representative in Greece meaning the company need not be VAT registered
  • There is no requirement to notify the customs authorities for the arrival or dispatch of electricity in/from Greece 
  • The customs authorities shall perform audits on a monthly basis in order to confirm the exported volumes of electricity, this is required to confirm VAT exemption
  • Accounting books and records must be maintained for 10 years.

Discover more: Tax alert - changes in VAT rules

Your Taxand contact for further queries is:
Yerrasimos C. Yannopoulos
T. +30 210 69 67 000

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Taxand's Take

Organisations in Greece dealing with importing and exporting electricity should make note of the changes and simplifications.

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