Our Accounting Office boasts 26 years of experience and specialization in providing services to travel agencies. Tourist packages and airline tickets are subject to a special VAT regime and require specialized tax treatment.
More specifically, according to Law 5144/2024, travel agencies and tour organizers are subject to a special VAT regime. Thus, the services they provide are considered a single supply to the traveler, with the taxable amount calculated as the difference between the total amount paid by the customer and the cost of third-party services.
However, the provisions of Article 43 do not apply to the fees of travel agencies when they operate as intermediaries on a commission basis, nor when they provide transportation services using their own means.
Our team provides specialized support to ensure compliance with legislation and to avoid any tax risks.
Accountant for Travel Agencies
Our services for the tourism sector include:
Taxable Amount and Gross Fees in Tourism Businesses
Obligations Regarding Travel Packages
- myDATA Platform
- Separation of Revenue and VAT
- Temporary Differences Between Accounting and Tax Bases
Tourism Accommodation – Lodging
- Taxation of Lodging Services
- Reduced VAT Rates
Special Tax Issues
- Hotel Companies and Tourism Tax
- Specific Accounting Books for Tour Buses & Travel Agencies
- Special Tax Regulations for Car Rentals & Boat Parking Areas
Issuance of Airline Tickets
Concerning airline tickets issued by travel agencies, Article 27 of the VAT Code (Law 2859/2000) applies.
Travel agencies issue airline tickets on behalf of the airlines and collect a commission from them. The commission is included in the ticket price charged by the airlines and is VAT-exempt if it pertains to international tickets (from Greece to other countries—within or outside the Community, and vice versa). Consequently, tickets are issued at the net transport value, without the travel agencies’ commission.
Additionally, travel agencies acting as intermediaries can collect a service fee from travelers for facilitating ticket issuance. The collection of these service fees is also considered an ancillary service to passenger transport for the issuance of international flight tickets, and is VAT-exempt.
The same applies to the collection of service fees directly from the airlines when they issue tickets to travelers.
Thus, both travel agencies and airlines issue specialized tax documents for the intermediary services related to ticket issuance (service fees), in accordance with the provisions of the VAT Code (Law 4308/14).
Accounting Services for travel agencies through Panasoft
Our accounting office has forged a longstanding and successful partnership with Panasoft by leveraging its specialized software for travel agencies. Through this collaboration, we have gained many years of experience using the Panasoft platform, which has proven to be indispensable in managing the unique tax and accounting obligations of the tourism sector.
Depending on the specific needs of each travel agency, we implement the required configurations. In this way, we manage all processes more efficiently, from handling travel packages and airline tickets to applying the special VAT regime.
With the support of Panasoft’s specialized software and our 25+ years of experience, we offer our clients reliable, fast, and accurate solutions.
Consult our experienced accountants for all the accounting and tax obligations of your travel agency, including payroll, to ensure profitability without unnecessary fines.
Contact us to find the solution to any problem you may have.