VAT Greece 2024

  • Last update: 22.03.2024
  • Published: 05.05.2023
  • Read in: 5 min

Value Added Tax (VAT), the tax on the added value of goods and services, is an integral part of the tax systems in European countries. In Greece, it is one of the highest in Europe. The standard rate is 24%, only surpassed by Hungary with a tax level of 27%, and Croatia and Denmark, where it is set at 25%. What other rates apply in Greece? What are the options for filing declarations? Find out in the following article.

vat tax greece 2024

From this article, you will learn:

  • What the VAT rates are in Greece?
  • When VAT registration is mandatory?
  • Where to register for VAT in Greece?
  • What documents are required during VAT registration?
  • Intrastat Greece – what are the thresholds?

VAT rates in Greece – VAT Greece rate

Greece currently has three VAT rates:

  • 24% – The standard Greek VAT rate. It applies to most goods for which reduced rates – 7% and 0% – do not apply;
  • 13% – The first reduced VAT rate in Greece;
  • 6% – The second reduced VAT rate in Greece.

13% - the first of reduced VAT rates in Greece

Under the 13% VAT rate in Greece are:

  • selected food items,
  • selected non-alcoholic beverages,
  • some agricultural products,
  • some pharmaceutical products,
  • selected medical equipment for disabled persons,
  • boarding school services,
  • restaurant and catering services,
  • facilities for disabled persons.

6% - the second reduced VAT rate in Greece

The 6% Greek VAT covers:

  • certain pharmaceutical products,
  • books (excluding e-books), magazines, and newspapers,
  • theater and concert tickets,
  • electric energy,
  • natural gas,
  • district heating.

0% VAT rate

The 0% VAT rate in Greece applies to intra-community and international maritime and air transport.

When is it necessary to register for VAT in Greece?

As in other European Union countries, VAT registration in Greece is required in the case of:

  • importing goods through Greek territory into Europe,
  • conducting intra-community trade on Greek territory,
  • providing services to consumers in Greece,
  • in case of storing goods in Greece.

Let’s add that VAT registration in Greece must also be conducted when sales to other EU countries exceed 10,000 EUR. Then, surpluses in each country to which goods and services were sold must be settled, or register for VAT OSS and settle the entire VAT from EU sales at once.

In both cases, registration is required, and our VAT Compliance specialists will help you carry it out. If you want to learn more, schedule a consultation.

How to conduct VAT registration in Greece?

The Independent Authority for Public Revenue (AADE) is the state body responsible for VAT registrations in Greece, and the VAT registration itself is conducted through its agency.

The application and required documents should be submitted in person or sent by email. After processing the application, detailed decisions will be received from the relevant local tax office. In case of a positive response, a Greek VAT number will be assigned. This consists of 9 digits and is preceded by the country code EL.

Need help with VAT matters or e-commerce accounting?

Need help with VAT matters or e-commerce accounting?

Our specialists will take care of them for you! No matter if it’s VAT & VAT OSS registrations, returns or e-commerce accounting!

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Documents required for VAT registration in Greece

The list of documents needed for registration includes:

  • Registration form,
  • A copy of the company’s statute,
  • Extract from the commercial register,
  • Certificate of VAT liability,
  • Power of attorney, if we are using the services of a tax agent,
  • Proof of activity in the territory of a given country.

It is worth noting that Greek tax authorities may require some of these documents to be translated into Greek.

What are the deadlines for submitting VAT declarations in Greece?

Like other EU member countries, Greece requires VAT declarations. This can be done monthly or quarterly.

In the case of monthly declarations, the deadline for submission is the 26th day of the month following the accounting period, and in the case of quarterly, it is the 30th day of the month following the accounting period.

Let’s add that since 2014, an annual VAT declaration is not required in Greece.

Intrastat Greece - what are the thresholds?

Besides the VAT declaration, foreign companies operating in Greece may be required to report statistical Intrastat. It includes information on intra-community transactions and the movement of own goods to a warehouse located in another member state, for example, in Spain.

The threshold for imports in Greece is 150,000 euros, and for exports, 90,000 euros. The monthly Intrastat report must be submitted by the last day of the following month.

You can also check other Intrastat thresholds in our article – Intrastat Thresholds 2024.

VAT Greece 2024 - Summary

VAT, the tax on the value added, is an integral element in the sale of goods and services in Greece. Companies wishing to operate in Greece must register for VAT at the Independent Authority for Public Revenue (AADE).

Moreover, Greece applies four VAT rates – the standard, which is 24%, reduced rates of 13% and 6%, and the zero rate, which pertains to intra-community and international transport.

Interestingly, the Greek standard rate is the third highest in the European Union. Only Hungary – at 27%, and Croatia and Denmark – at 25%, have higher rates, with Finland having the same rate.

If you want to learn more, also check out what Incoterms 2020 are, what VAT rates apply in other EU countries in 2024, or read more about this tax in specific countries: Estonia, Finland, Romania, Cyprus, Belgium, Bulgaria, Hungary, France, or the United Kingdom, or read about VAT registrations in: Austria, the Czech Republic, France, Spain, Germany, the United Kingdom, or Italy.

If you are conducting or planning to sell to other EU countries or the United Kingdom, you may need to register for VAT in the destination countries. If you need help in this regard or with VAT declarations, schedule a consultation with us and find out what our VAT Compliance specialists can do for you.

Antoni Merkun Copywriter and marketer, who has been cooperating with Taxology since March 2023. Interested in SEO and content marketing.