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Greece Reduces Threshold for Import VAT Deferral

|Approved Changes|Greece
Greece

On 3 August 2016, Greece published Law 4410/2016 in the Official Gazette, which amends the value added tax (VAT) deferral scheme on imports for non-residents. Under the scheme, non-residents are allowed to defer the payment of VAT on supplies made at import, and instead pay the VAT through periodic returns, provided certain conditions are met. Previously, in order to apply the scheme, the annua…

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