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Greece To Increase VAT Registration Threshold?

Greece is set to propose an increase in its VAT registration threshold for all resident companies.

The Ministry of Finance is proposing an increasing to the current annual threshold from €10,000 to €25,000. The implementation date is expected to be 1st January 2017.

All Non-resident companies must be VAT registered for their first taxable supply, subject to the local laws on registration and reverse charge.