- The Greek Budget for 2024 includes changes in the VAT rate for various supplies.
- The reduced VAT rate of 13% will be extended until June 30, 2024 for taxis and self-serve coffees.
- The reduced VAT rate will become permanent for urban, suburban, land, and railway transport, tour packages, gyms, health supplies, cinemas, and theatre tickets.
- The high VAT rate of 24% will be restored for soft drinks served (not water).
- The changes will take effect on January 1, 2024.
- The Ministry of Finance will monitor the impact and make adjustments if necessary.
Source: fiscal-requirements.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.
Latest Posts in "Greece"
- Greece Introduces Actual Use VAT Deduction Method for Mixed-Use Immovable Property
- Greece Clarifies VAT Rules for Self-Use of Professional Pleasure Boats
- Greece Clarifies VAT Rates for Self-Use of Professional Pleasure Boats in New Circular
- VAT Clarifications for Personal and Business Use of Professional Pleasure Boats in Greece
- myDATA in Greece: VAT Compliance, Dangerous Codes, Audit Triggers, and Fines Explained
