Permanent 13% VAT on Non-Alcoholic Drinks: Proposed Amendment in Greek Tax Law

• Non-alcoholic beverages and carbonated waters will permanently be subject to a reduced VAT rate of 13%.
• The Ministry of National Economy and Finance has proposed an amendment to the VAT Code to make this change.
• The amendment aims to make the reduced VAT rate for non-alcoholic beverages a permanent measure.
• The current temporary reduction in the VAT rate for non-alcoholic beverages is not justified from a fiscal perspective.
• The proposed provision replaces paragraph 51 of Chapter A of Annex III of the VAT Code.
• The transitional period for the implementation of the reduced VAT rate will be from December 11, 2023, to December 31, 2023.

Source: taxheaven.gr

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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