At Nikos Kolydas Accounting Office, you will find specialized and knowledgeable accountants for construction companies or building firms. With in-depth expertise in the special tax regime for these businesses, we have responsibly managed all your accounting and tax obligations since 1999.
In general, companies handling small-scale technical projects—often contractors—are required to use the mandatory online inventory service for private construction projects, while construction firms can benefit from a VAT deduction on their expenses.
Guided by legislation and Article 6 concerning building permits and construction oversight, we propose tailored solutions to meet your needs.
Accounting for Construction Companies
Our specialized services include:
Companies Subject to VAT
We assess, based on your business characteristics and the issuance date of your building permit, whether your construction enterprise is subject to VAT. We also precisely determine your net profits.
VAT Suspension – Real Estate Legislation
VAT Settlement & Reduction
Sale of Primary Residences by Contractors or Construction Firms
Obligations for Construction Companies
- Submission of the activity commencement declaration
- Maintenance of books and records according to the ELP provisions
- Timely submission of periodic VAT returns through AADE
- Payment of due VAT within deadlines
Land swap and contractor taxation
Payroll for Construction Workers
Additional Accounting Services for Construction Companies
In addition to the above, our specialized team handles:
- Issuance of the Building Project Registration Number (AMOE) and the payment identification numbers for current contributions for e-EFKA and TEKA
- Organization and monitoring of accounting books and records
- Departmental costing
- Project budgeting
- Payroll management and submission of the Detailed Periodic Declaration (APD)
- Inventory management and EFKA contributions
- Urban planning documentation
- Single-entry and double-entry bookkeeping, semi-finished and completed properties, and building permits issued before or after 2016
After establishing a new company, real estate VAT obligations are very specific and differ from those of other businesses. Maintaining a dedicated construction costing book for those subject to VAT, as well as for those under VAT suspension, along with the special tax treatment, requires continuous updates for all involved in construction companies.
Consult our specialized team of accountants, tax advisors, and legal experts to avoid unexpected financial burdens. We would be delighted to serve you!