Five islands of the northeastern Aegean are enjoying a 30% reduced VAT rate. The background of this discount is that these islands had been affected by the refugee crisis the most. Initially, the VAT discount was supposed to expire on 30 June 2018. However, the Greek prime minister has announced that the discount has been extended “for as long as the refugee crisis continues”.
Good news for tourists going to spend their summer on one of those islands.
Source: Ekathimerini
Update: The European Union is not pleased with the Greek government’s decision to postpone an increase of the VAT on five islands affected by migration, a senior EU official said on Tuesday, noting the measure was not agreed with Brussels
Source: Ekathimerini
Latest Posts in "Greece"
- Greek Islands to See 30% VAT Cut, ENFIA Waived for Small Settlements
- Government Announces Significant VAT Reduction for Border Islands Starting January 2026
- MP Manos Konsolas Urges Reduced VAT Rates for Rhodes to Boost Local Economy
- Support for Remote Islands with VAT and ENFIA Reduction Announced by Greek Economy Ministry
- VAT and ENFIA Reduction Announced for Remote Islands to Support Local Economies
