VAT Exemption Articles in Greece: the Updated List (Law 5144/2024)
The updated list of VAT exemption articles under Greece's new VAT Code (Law 5144/2024), and how to select the right exemption reason when issuing a zero-VAT invoice.
Below you will find an updated list of the VAT exemption (or zero-rate) articles under Greece's new VAT Code (Law 5144/2024), as they stand after the recent codification.
The updated list of VAT exemption articles
How to select an exemption article in Wrapp
When you issue a document in Wrapp and select a 0% VAT rate, an extra field appears automatically where you pick the exemption reason from the list. The exemption article you choose is transmitted to myDATA (the e-invoicing platform of AADE, the Greek tax authority) together with the document, so the tax authority sees the correct justification for the zero VAT.
If you are not sure which article applies to your case, check with your accountant: choosing the right exemption article is a tax decision that depends on your activity and the specific transaction.
Frequently asked questions
What changed with the new Greek VAT Code (Law 5144/2024)?
Law 5144/2024 recodified Greek VAT legislation, so the well-known exemption articles were renumbered. The substance of the exemptions is broadly the same, but invoices must now reference the new article numbers.
When do I need to state a VAT exemption article on an invoice in Greece?
Whenever you issue a document with a 0% VAT rate, you must also declare the exemption reason, meaning the article of the VAT Code that justifies the zero rate. This information is also transmitted to myDATA, the Greek tax authority's e-invoicing platform.
How is the exemption article reported to myDATA?
If you issue your documents through an AADE-certified e-invoicing provider such as Wrapp, you simply pick the exemption reason from a list when you set VAT to 0%, and the article is transmitted to myDATA automatically with the document.
Who decides which exemption article applies to my business?
Choosing the correct article is a tax decision that depends on your activity and the specific transaction. If in doubt, confirm the article with your accountant before issuing the document.
Need help?
If you have a question about this topic or want to make sure everything is set up correctly, contact us and we will look at it together.