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Proposed VAT Changes in Greece’s 2024 Budget: Permanent Reductions and Rate Reversions

  • Proposed amendments to Greece’s VAT rates for 2024 were submitted to Parliament on November 21, 2023.
  • The reduced VAT rate of 13% for transportation, gyms, dance schools, cinemas, and health products will become permanent.
  • The reduced VAT rate of 13% for coffee and taxi services will continue until June 30, 2024, then revert to the standard rate of 24%.
  • The VAT rate on non-alcoholic drinks will return to the standard rate of 24% starting January 1, 2024.

Source: meridianglobalservices.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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