GREECE VAT

BY KEITH NUTHALL
THE EUROPEAN Commission has accepted a Greek government request that local small dealers in recyclable waste such as glass, paper, board, scrap iron and steel and suppliers of any size in non-ferrous metals, should be exempted from paying VAT in Greece, because of tax evasion concerns. If EU ministers agree, all dealers in non-ferrous and those of other materials with an annual turnover under Euro 900,000 would have to formally opt into the VAT system to claim input rebates; applications being accepted by the Greek tax authorities on ...


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