By 1/08/2023

1. Payment of final corporation tax for the previous year under the self-assessment method by individuals and companies preparing audited accounts

By 10/08/2023

1. Submission and payment of local VAT Return for the period 1/4/2023-30/6/2023
2. Submission of INTRASTAT Declaration for July 2023.

By 12/08/2023

1. Submission of VAT Return and VAT Payment for Import Scheme (IOSS), for the period of July 2023.

By 15/08/2023

1. Submission of Recapitulative Statements (VIES) for July 2023.

By 31/08/2023

1. Payment of final corporation tax for the previous year (2022) under the self-assessment method by individuals and companies preparing audited accounts.
2. Payment of 1st installment of 2023 provisional tax.
3. Payment by life insurance companies of second installment of premium tax for 2023.
4. Submission and payment of return for VAT Import Scheme (IOSS), for July 2023.

August 2023 VAT NEWS

The reduced VAT rate 3% FROM 5% applies for the following:

1. Supply of books, newspapers and magazines in hardcopy or electronic format (including brochures, prospectuses, children’s books, coloring books, printed or handwritten sheet music, hydrographic and similar maps), excluding publications which are intended wholly or mainly for advertising purposes, publications which are wholly or mainly comprised of video content or acoustic music and publications of non-profit organizations as well as any related services. The goods outlined above are classified under codes C.N. 49.01 – C.N. 49.05
2. Books for people with disabilities classified under code C.N. 84.23
3. Special lifting devices (escalators, lifts, machinery for raising and lowering of persons with disability), which are used for the facilitation of persons with disability and classified under the code C.N. 84.28.
4. Wheelchairs and other vehicles for persons with disability with or without a motor or other propulsion mechanism classified under the code C.N. 87.13
   1. (i) Orthopedic devices, including medical surgical belts, bandages and crutches
             (ii) Splints, supports and other goods or devices intended for fractures
             (iii) Devices for the facilitation of hearing by the hearing impaired, or other handheld devices, worn or introduced to the body with the purpose of alleviating, curing or supplementing an impairment or disability.

The replacement parts of the aforementioned goods are exempted

The goods of the present section 5 are classified under code C.N. 90.21