VAT is one of the first issues foreign businesses should review before starting operations in Greece. The standard Greek VAT rate is currently 24%, with reduced rates applying only in specific cases. Whether a foreign company needs Greek VAT registration depends on its business model, place of supply and whether it carries out taxable transactions in Greece.
AADE’s registry guidance also includes procedures for the commencement of activity for VAT purposes by non-established legal persons, with or without a tax representative, depending on the relevant legal framework. In practice, VAT registration should be reviewed before the first taxable transaction, not after it. Businesses should also factor in myDATA and invoicing processes from day one.