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Greece Clarifies Application of the Discount for Timely Payment of VAT in Relation to Payment Deadline Extension for May 2020

11 June 2020

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Approved Changes

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Greece

The Greek Public Revenue Authority (AADE) has issued a release to clarify the application of the 25% discount for timely payment of VAT in relation to the extension of the payment deadline for May to September 2020. Both relief measures are provided for qualifying taxpayers in response to COVID-19. The release clarifies that in cases where a taxpayer had timely filed and paid their VAT due in April for the March or first quarter VAT period, the 25% discount would be applied when filing and paying VAT in May. However, since the deadline for VAT normally due in May has...