Greece: Guidance on intra-community transactions, or “quick fixes,” for VAT purposes

Practical clarifications on issues arisen during the implementation of the relevant “quick fixes” provisions

“Quick fixes” for VAT purposes

The Greek tax administration released Circular E.2019/2022 to provide guidance concerning intra-community transactions, widely known as “quick fixes,” for value added tax (VAT) purposes.

The “quick fixes” rules, which were transposed into Greek VAT legislation through Law 4174/2020 and became effective as of 1 January 2020, concern four main areas:

  • Application of “call-off stock” arrangements
  • Chain transactions
  • Substantive requirements for the application of zero-rated intra-community supplies
  • Proof of transport/documentation to evidence the intra-community nature of supplies

The circular aims to provide further practical clarifications on issues that arose during the implementation of the relevant “quick fixes” provisions.

Read an April 2022 report [PDF 189 KB] prepared by the KPMG member firm in Greece

 

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