Increasing the limit of exemption from VAT For small businesses, the government promotes, in the context of alignment with a relevant Community Directive (2020/285) which the country should have incorporated – anyway – into her tax system Since December.

According to ERTthe limit of 10,000 euros in the turnover in force today is to amount to 15,000 or even EUR 18,000, according to plans processed in finance ministry.

The forthcoming change will benefit thousands of small businesses and freelancers, providing them with significant tax relief and reducing their weight management.

However, those companies that join the exemption regime lose the right to deduct VAT for purchases and services related to their exempt acts.

This element is critical and should be weighted by any business in order to decide whether or not it is integrated into the new system.

However, even with the adjustable adjustment, the threshold will be significantly lacking in relation to other European Union states.

The Directive allows small businesses to carry out an annual turnover of up to EUR 100,000 within the EU without the obligation to enforce VAT, while the internal exemption threshold of each state can reach up to EUR 85,000.

For example, in Italy, Romania and the Czech Republic the maximum of 85,000 euros, in Lithuania 55,000 euros and Poland 40,000 euros in Lithuania.

Businesses and professionals will be able to apply electronically through Independent Public Revenue Authority (AADE) The use of the exemption regime in Member States where they wish to be operated, as long as their total turnover does not exceed EUR 100,000 in the EU and to meet the specific limits of each country.

At the same time, small companies based in other Member States of the European Union and qualify, will be able to apply for their submission to VAT exemption and Greece.

In practice, this means that they will be able to operate in our country without burdening their VAT transactions, thereby facilitating the development of cross -border activities and enhancing the functioning of the single market.

The final arrangement is estimated to have been finalized and announced by the end of May, to prevent it from entering the full implementation of the European Directive, scheduled for June.

It is worth noting that Greece had to incorporate the Directive by December 31, 2024. The delay in adaptation caused the intervention of the Commission, which sent a formal warning to Athens.

In response, the Greek authorities pledged that the relevant legislation would be completed by the end of June 2025, as provided for in the AADE operational plan.