A measure introduced by the Ministry of Finance facilitating foreign companies to import goods in Greece, with the purpose of re-exporting them to the EU or third countries, was announced recently.

It provides for value added tax (VAT) on imported goods not being paid at customs offices, but at destination points on arrival, after transiting through Greece.

Α similar practice has already been applied in other countries that are transit trade hubs, such as France and Holland. Such importers would not be based or be subject to taxation in Greece, while the annual value of imports should be at least € 300 million.

Kathimerini: VAT exemption for big firms using Greece as transit hub