Payment of uncollected VAT a big burden for Greek businesses

Payment of uncollected VAT a big burden for Greek...

There are many companies that essentially finance the Greek State, since they ought to pay VAT for sales that remain uncollected. Especially in the case of delayed payments for which tax has already been paid, the Ministry of Finance recently introduced legislation which provides SMEs with a turnover up to 500 000 euros may, under certain conditions, to pay the VAT on the consideration actually received.