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"
- Clarifications on VAT Exemption for Donations to Public Sector Entities and Supervised Organizations
- VAT Exemption for Donations to Public Sector Entities: Clarifications on Article 32, Law 5144/2024
- Clarifications on VAT Exemption for Donations to Public Sector Entities and Related Organizations
- Greece Delays Mandatory B2B E-Invoicing for Large Enterprises to March 2026
- Nonprofit Status Does Not Exclude VAT Liability or Input Tax Deduction for Branches and Headquarters
