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Multinationals now able to register VAT in Greece
A new amnesty scheme has been introduced with respect to the payment of Greek VAT due by EU entities with no permanent establishment or VAT registration in Greece. Taxand Greece discusses Law 4211/2013 which introduces the new amnesty scheme and how it will affect multinationals.
EU entities that have effected taxable transactions in Greece for which they are liable to pay VAT to Greek tax authorities but have not made such payment yet, are now allowed to VAT register in Greece and pay the tax due without any penalties.
To this end, the registration should be made until 31 December 2013 and VAT should be paid until 20 January 2014, ie the deadline for filing the periodic VAT return for the last quarter of 2013.
The amnesty has been introduced in view of the fact that it was only in May of 2013 that the procedure for the direct VAT registration of EU entities (without their being required to appoint a tax representative) was finally implemented, despite the fact that such direct registration had been provided in Greek VAT law since 2006.
Acknowledging the practical problems that EU entities were encountering all these years in acquiring a Greek VAT number, the Greek Ministry of Finance finally decided to introduce such scheme.
Also published in Thomson Reuters' Taxnet Pro, 13 December 2013
It should be noted that, according to Ministerial Decision 1113/2013, the direct VAT registration of EU entities is made electronically, through submission of the required documents to the designated tax office by email, the tax office thereafter subsequently communicates the VAT number to the applicant entity also by email. VAT returns are filed to the Greek tax authorities’ portal which, for the time being, is only available in Greek.