VAT GREECE

BY KEITH NUTHALL
THE EUROPEAN Commission has accepted a request by the Greek government that local small scrap and waste iron and steel dealers and all Greece-based suppliers of non-ferrous metals, should be exempted from paying VAT, because of concerns that they are abusing the tax system. If EU ministers agree, those non-ferrous and ferrous metal dealers with an annual turnover of less than Euro 900,000 would have to formally opt into the VAT system to claim VAT input rebates; this would be allowed by the Greek tax authorities on condition of good ...


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