Factsheet for measure
GR-2020-27/976
– measures in Greece
Suspension of VAT payment for construction work on hotel accommodation
Υπουργική Απόφαση Αριθμ. Α.1150/2020
Background information
In order to address the emergencies arising from the measures imposed to stop the spread of COVID 19, the recent Ministerial Decision No. 1150 of 30.06.2020 establishes a procedure for granting suspension of VAT payment, in the context of investments for construction works carried out by hotel companies as of 1 July 2020.
Content of measure
By virtue of the Ministerial Act (A.1150/2020, 30.06.2020) VAT payment in the context of investments for construction works carried out by hotel companies, in order to address the emergencies that arose due to the measures imposed to stop the spread of the COVID 19 pandemic, is suspended as of 1 July 2020. The conditions for exemption include:
- the procedure for the payment of the Value Added Tax provided by P.2869 / 2389 / POL.137 / 1987 (Β΄236) is also applied proportionally for the construction costs for buildings, structures and construction works relating to main hotel accommodation operated by taxable companies, provided that they serve the needs of the business, are directly or indirectly related to the provision of its services and the tax corresponding to these operations is at least €3,000;
- as a prerequisite, the need that works are related to the construction, erection or modernization of an hotel unit to be done on a property owned, or owned by a taxable company, or having any legal relationship with it for a period of at least nine (9) years;
- that the taxable investor submits to the competent Tax Office, as a supporting document for its investment, the contract or contracts of construction of the project, supply of goods or provision of services that it has concluded with its contractor and the building permit related to the project;
- that a separate certificate is issued for each contract, and in the event that additional work is carried out, the same procedure shall be followed.
Use of measure
No information yet available.
Target groups
Actors and funding
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Actors
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Funding
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National government
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No special funding required
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: N/A
Involvement
No involvement.
Views and reactions
No available aswer.
Sectors and occupations
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This case is sector-specific (only private sector)
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Economic area
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Sector (NACE level 2)
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I - Accommodation And Food Service Activities
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I55 Accommodation
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This case is not occupation-specific.
Sources
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01 July 2020: Ministerial Decision A 1150/2020 VAT payment procedure for construction in hotel accommodation
(www.e-nomothesia.gr)
