The transfer of a newly built property (before its first
use/occupation), as well as of the plot on which the building is
situated, is generally subject to VAT in Greece, provided that the
building permit is issued or revised from January 1, 2006 onwards
and construction works hadn't begun prior to this date. In this
context, property is meant to refer to any building and structure
related to the building or the ground in a fixed and permanent way.
Greece also treats the handing over of certain construction works
as a supply of building or parts of a building.
The applicable VAT rate is 24% with the exception of cases when
the property is located on one of the Aegean Sea islands of Chios,
Samos, Lesvos, Kos and Leros, where the reduced VAT rate of 17% is
applicable.
