Greece’s tourism sector, especially places serving food and beverages, are set to get relief with the decision to decrease Value Added Tax (VAT).
The conservative New Democracy government of Greece decided to drop VAT from 24 to 13 per cent as part of a series of stimulus measures aimed at helping businesses.
VAT for hotels may also be cut from 13 to 6 per cent in an effort to give them a boost.
Sources:
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