Greece Gazettes Decision Amending VAT Exemption Conditions for Commercial Shipping Businesses at Sea

The Greek Official Gazette Aug. 26 published Decision No. A.1190/2020, amending VAT exemption conditions for shipping businesses at sea. The amendments relate to transitional provisions and include measures: 1) exempting specific ships used for commercial, industrial, fishing, and passenger transport activities from April 1, 2018, to Dec. 31, 2020; 2) exempting professional tourist day ships upon the submission of a declaration to the port authority proving sailing activities; 3) requiring taxpayer operators of professional tourist day ships receiving non-exempt supplies to inform the supplier and provide proof to the auditing agency of their sailing activities; and 4) requiring taxpayers to ...