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Obtain Greek VAT Number - Tax Consultancy and Assistance in 2022

VAT Registration in Greece

Updated on Wednesday 02nd March 2022
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VAT-Registration-in-Greece.jpgAll companies in Greece have to register for value added tax (VAT) purposes. However, the obligation to register is mandatory when a certain revenue threshold is achieved by the company, but this is applicable in specific economic activities. As a general rule, the procedure for VAT registration in Greece has to be concluded during the incorporation of the company. 
 
Investors interested in starting a business in Greece must know that the VAT registration is required in the case of non-resident entities, as long as such entities will provide goods and services to Greek clients. For advice on the registration procedure that is necessary to follow, our team of lawyers in Greece remains at your disposal. 
 

What entities need a Greek VAT number in 2022?

 
There is a wide category of economic operators that have to apply for a Greek VAT number. The number is issued as a part of the procedure for VAT registration in Greece and having a VAT number will imply that the respective entity will be liable to the payment of the VAT on the Greek territory, for the goods or services sold on this market. 
 
Please mind that almost all business activities are liable to the payment of the VAT, and this obligation is not limited only to the sale of goods and services. VAT obligations can appear from the import of goods as well. In the list below, our team of Greek lawyers has prepared a short presentation on the main VAT payers, as per the tax laws imposed in this country: 
 
  • the sale of goods and services on the Greek territory, as well as the purchase of such goods;
  • the import of goods that are purchased from outside the European Union (EU) space;
  • the sale of goods from Greece, which are destined to be purchased by entities from outside the country;
  • the VAT is applied for the purchase of goods from other EU countries;
  • an entity will need the VAT registration number in Greece even in the case in which the entity does not import, sale or buys goods, but it only holds goods as inventory on the Greek territory, as long as the said goods are destined for sale or distribution;
  • VAT obligations will arise for e-commerce companies selling goods in Greece, for both resident and non-resident entities.
 

What are the VAT obligations in Greece in 2022?

 
Entities that were issued with a Greek VAT number will have numerous tax and VAT obligations. The obligation to register is imposed to all companies which are residents of Greece (meaning, all companies that were incorporated in Greece or which have set up a permanent establishment in Greece). 
 
We invite you to watch a short video on the process of obtaining a Greek VAT number
 

 
According to the Greek governmental portal, a company or another type of entity must have a VAT registration number in Greece if it will carry out taxable operations. The obligation to have a VAT number is also imposed to tax exempt entities, which will still have to conduct the registration obligations. Below, our Greek law firm has gathered few information which should be of help for those interested in VAT registration in Greece
 
  • an exemption to register for VAT is applied to those who which are regulated under the rules of the Article 39 of the VAT Code, as well as to those prescribed by the Article 41;
  • a flat-rate of VAT is applied to certain economic operators prescribed under the Article 40;
  • entities that are entitled to a VAT flat-rate must apply for this special tax regime in a period of 30 days since the beginning of activities and they will enjoy this tax regime for a period of 5 years since the registration;
  • foreign companies selling goods on the internet in Greece have the obligation to obtain a Greek VAT number when they reach EUR 35,000 in sales;
  • the structure of the VAT number in Greece is comprised by the letters EL, which define Greece, followed by a code of 9 digits. 
 
Depending on the tax residence of the company, various tax obligations will appear. For instance, companies that are incorporated in the EU have to complete a set of tax documents once they trade and sell goods in Greece. They will have to follow the same tax obligations imposed to Greek companies, which also includes the obligations to submit VAT returns
 
For companies registered in countries outside the EU, additional requirements will apply. One of the main differences is that non-EU based companies selling goods in Greece will have to appoint a local tax representative so that they have the right to VAT registration in Greece
 
Please mind that the basic standard rate that is generally applicable to defibrilators is applied at a reduced rate of 6% between 31 July 2021 to 31 December 2022. 
 
Our team of lawyers in Greece can provide more details on other obligations imposed to non-EU businesses. If you need further information, please contact our Greek law firm for tax assistance. Our team can help your register for VAT and to complete any other tax obligations