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:
Latest Posts in "Greece"
- Administrative Support Services Subject to VAT When Not Closely Linked to Social Welfare
- Greek Parliament Approves Mandatory B2B E-Invoicing Bill, Implementation Expected by 2027
- Greece Establishes Mandatory B2B E-Invoicing Law, Awaiting Technical Details and Implementation Date
- eInvoicing in Greece
- When Tax Authorities Wrongly Reject VAT Deductions: Legal and Practical Implications