A Council of State (CoS) ruling applying a five-year statute of limitation on a case involving the imposition of higher Value Added Taxes (VAT), to the tune of 830,000 euros, has been delivered to the independent revenue assets authority's legal services.
A Council of State (CoS) ruling applying a five-year statute of limitation on a case involving the imposition of higher Value Added Taxes (VAT), to the tune of 830,000 euros, has been delivered to the independent revenue assets authority's legal services.
If applied in a universal manner, a five-year statute of limitation on VAT-related cases will have a major impact on the state's revenue collection efforts.
According to sources, the independent revenue assets authority will revise its planning after receiving guidance by its legal department.
The specific case before Greece's highest administrative court dated from 2002.