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

Workers	Businesses	Citizens
Does not apply to workers	Sector specific set of companies	Does not apply to citizens

Actors and funding

Actors	Funding
National government	No special funding required

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	No involvement	No involvement
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• No involvement
• Main level of involvement: N/A

Involvement

No involvement.

Views and reactions

No available aswer.

Sectors and occupations

This case is not occupation-specific.

Sources

• 01 July 2020: Ministerial Decision A 1150/2020 VAT payment procedure for construction in hotel accommodation  (www.e-nomothesia.gr)