The present order approves the model and content of the following forms:
• 306 “Application for the use of the tax period for VAT of the semester or calendar year, MFP code 14.13.03.02 / p;
• “Decision regarding the fiscal period for value added tax, MFP code 14.13.02.02 / p.
At the request of the taxable person registered for VAT purposes, the fiscal body may approve the use of another fiscal period other than the month or quarter, as follows:
• the calendar semester, if the taxable person carries out taxable operations for only maximum 3 calendar months in a semester
• the calendar year, if the taxable person carries out taxable operations for only maximum 6 calendar months in a period of one calendar year.
In order to use as the fiscal period of the semester or calendar year, the taxable person must file a justified request to the competent fiscal body, until February 25 of the year for which the option is exercised, accompanied by documents showing the activity carried on and its periodicity, ie:
• declaration on one’s responsibility regarding the effectively carried on activity;
• verification balances prepared for the previous year, contracts or orders, as appropriate;
• sales log prepared for the previous fiscal year;
• other documents, relevant to the decision making.
The approved fiscal period is valid from the time of the declaration terms and the payment following the date of the decision notification concerning the fiscal period for VAT lasts for the duration of maintaining the conditions stipulated at granting this facility. At the time of the alteration of the conditions which led to the approval of the tax period, the taxable person is obliged to notify in writing the competent fiscal authority, by filling in a mentions declaration, in order to update the fiscal vector for the value added tax.
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