The Council of Ministers approved on May 2, 2023, a Decree amending the VAT Legislation in order to impose a zero VAT rate on supplies of certain essential products.
The Zero VAT rate will apply to bread, milk, eggs, baby food, baby and adult diapers, as well as feminine hygiene products.
It is clarified that according to the VAT Legislation, businesses are obliged to perform a stock taking of the above products.
The VAT reduction on the above categories of products is temporary and will apply from the date of publication of the Decree in the Official Gazette of the Republic, until October 31, 2023.
Source www.pconstantinou.com
