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Athens Macedonian News Agency: News in English, 13-07-18
CONTENTS
[01] Finance Ministry speeds up procedures for VAT return to enterprises
[01] Finance Ministry speeds up procedures for VAT return to enterprises
ANA-MPA -- Greece's Finance Ministry is speeding up procedures for a
timely VAT return to enterprises within deadlines set by the country's
legislation.
In a circular to tax offices, the ministry urged all tax agencies to
immediately process all VAT return applications within 120 days and
warned that from September all applications with a waiting time of more
than 90 days should be processed with priority, otherwise the state will
be obliged to pay overdue interest.
"The appearance of significant delays does not support the credibility
of the state towards enterprises," the Finance Ministry said in its
circular.
Enterprises and the troika are pressing Greek authorities to speed
up payment of VAT returns to the private sector in an effort to boost
liquidity in the market.
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