Question 1

What are the official VAT (ΦΠΑ) rates in Greece?

Accepted Answer

Under Law 2859/2000 (Greek VAT Code), the statutory rates are: 24% standard rate (goods, professional services, vehicles), 13% reduced rate (basic foodstuffs, hotel accommodation, catering), and 6% super-reduced rate (pharmaceuticals, theater tickets, books, electricity, natural gas).

Question 2

Which islands qualify for the 30% reduced VAT rate?

Accepted Answer

Specific Aegean border islands (including Leros, Lesbos, Kos, Samos, and Chios) qualify for a 30% statutory reduction in VAT rates: standard becomes 17%, reduced becomes 9%, and super-reduced becomes 4%.

Question 3

How does the AADE myDATA digital books system work?

Accepted Answer

myDATA (my Digital Accounting and Tax Application) is the mandatory e-invoicing platform operated by AADE where all businesses must transmit sales revenues and expense classifications in real-time or near real-time with unique MARK transaction IDs.

Question 4

How do you calculate net amount from a gross price including 24% VAT?

Accepted Answer

To extract the net amount from a gross total including 24% VAT, divide the gross total by 1.24 (e.g. €124 / 1.24 = €100 net amount, with €24 VAT).

Question 5

What is the small enterprise VAT exemption threshold in Greece?

Accepted Answer

Under Article 39 of the Greek VAT Code, small businesses and sole proprietors with annual turnover below €10,000 may opt for the special exemption scheme, freeing them from charging and remitting VAT.

VAT Category	Standard Greek Rate	Aegean Island Rate (-30%)	Applicable Goods & Services
Standard (Κανονικός)	24%	17%	General merchandise, IT, electronics, professional services
Reduced (Μειωμένος)	13%	9%	Basic foodstuffs, hospitality accommodation, public catering
Super-Reduced (Υπερμειωμένος)	6%	4%	Medicines, vaccines, books, electricity, natural gas, theaters
Exempt (Απαλλασσόμενος)	0%	0%	Intra-community B2B, exports, healthcare, education

Greece VAT (ΦΠΑ) & myDATA Calculator

⚙️ Invoice & Tax Rate Settings

Invoice myDATA Breakdown

📊 Greek Statutory VAT Rates & Island Reductions (Law 2859/2000)

Engr. Muhammad Shahzad

📊 IAPR (AADE) & e-EFKA Social Security Statutory Matrix

Engr. Muhammad Shahzad