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Greece Clarifies Application of 25% VAT Discount for Timely Payment

12 May 2020

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Approved Changes

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Greece

The Greek Public Revenue Authority (AADE) has clarified the application of a 25% discount of VAT liabilities for March and April 2020 if the liabilities are timely paid by the standard deadlines. This includes that if the VAT liability for March has already been timely paid without taking advantage of the 25% discount, the resulting excess payment for March will be automatically carried forward to offset the April VAT liability, which may also be reduced for the 25% discount. The 25% discount is provided for qualifying taxpayers as a result of the COVID-19 pandemic.