Greece Lowers Tax-Free Transaction Limit



TAX

Greece will soon lower a minimum transaction limit for tax free purchases from 120 to 50 euros to bring the country in line with the EU average, George Pitsilis, secretary-general of Public Revenue said on Monday.

Addressing an event at the Piraeus Chamber of Commerce and Industry, organized by the directorate general of Customs, Pitsilis said that a new Customs Code — to be implemented fully in 2020 — will meet the needs of modern international commerce and economic factors related with this activity, such as speed and simplified procedures, reducing and better focusing on controls, more active participation of all related agencies in procedures, reducing customs costs and guarantees. “All these are part of a wider redesigning of the goals and work of Public Revenue agency, which will be fully independent from early next year,” said Pitsiis.

Source: ANA-MPA


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