Pages

March 15, 2013

Filled Under:

Can Greece Turn Into a Transit Trade Hub?

The Greek Finance Ministry recently introduced a measure facilitating foreign companies to import goods in Greece, with the purpose of re-exporting them to other EU or third countries. The new measure 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.

Similar transit hubs operate in other countries such as France and Holland.

These importers would not be based or be subject to taxation in Greece, but the annual value of imports should be at least 300 million Euros.
If you enjoy HellasFrappe please help us continue maintaining the free flow of information. We need donations to continue operating, now more than ever. HellasFrappe is dedicated to bringing you up-to-date information on matters that concern Greece and the wider region. Our pursuit of truthful information is a constant and evolving journey. No amount is too small, or too big, it all counts.







The articles posted on HellasFrappe are for entertainment and education purposes only. The views expressed here are solely those of the contributing author and do not necessarily reflect the views of HellasFrappe. Our blog believes in free speech and does not warrant the content on this site. You use the information at your own risk.