Our accounting and tax advisory firm has 26 years of experience and specialization in providing services to travel agencies. Tour packages and airline tickets fall under a special VAT regime and require specific tax treatment.
More specifically, pursuant to Law 5144/2024 (VAT Code), travel agencies and tour operators fall under a special VAT regime. Accordingly, the services they provide are treated as a single supply to the traveller, and the taxable amount is calculated as the difference between the total amount paid by the customer and the cost of third-party services.
However, the provisions of Article 50 do not apply to travel agencies’ remuneration when they act solely as intermediaries earning a commission, or when they provide transport services using vehicles operated by the agency itself.
Our team provides specialized support, ensuring full compliance with the applicable framework and minimizing tax risks.
Accountant for Travel Agencies
Our services for the tourism sector include:
- Segregation of Revenue and VAT
- Temporary Differences Between Accounting and Tax Base
- myDATA Platform
- Tax Treatment of Accommodation Services
- Reduced VAT Rates
- Hotel Companies and the Accommodation Tax
- Specific Accounting Records for Tourist Buses & Travel Agencies
- Special Tax Provisions for Car Rentals & Boat Mooring/Parking Facilities
With regard to airline tickets issued by travel agencies, Article 27 of the VAT Code (Law 2859/2000) applies.
Travel agencies issue airline tickets on behalf of airline companies and receive a commission from them. This commission is included in the ticket price charged by the airline companies and is exempt from VAT when it relates to international airline tickets (from Greece to other countries—within or outside the EU—and vice versa). Accordingly, the tickets are issued at the net transport value, excluding the travel agency’s commission.
In addition, travel agencies acting as intermediaries may charge travellers their own remuneration for the intermediation in ticket issuance (service fees).
The collection of such charges (service fees) continues to be treated as an ancillary service to passenger transport for international flights and is therefore VAT-exempt. The same applies to service fees collected by the airline companies themselves when they issue tickets directly to travellers.
Therefore, for intermediation services in ticket issuance (service fees), travel agencies and airline companies issue separate tax documents, in accordance with the provisions of the Greek Accounting Standards (Law 4308/2014).
Consult our experienced accountants for all the accounting and tax obligations of your travel agency, including payroll processing for your employees. Secure profitability without unnecessary penalties.
Contact us so we can identify the right solution to any issue you may face.