Greek Government Implements Permanent Reduced VAT on Taxis and Coffee, Imposes Levy on Oil Profits

• The reduced VAT rate of 13% on taxis will be made permanent from July 1, 2024, with an estimated annual fiscal cost of €45 million.
• The reduced VAT rate of 13% on coffee, cocoa, tea, and chamomile for take away and delivery will also be made permanent, with an estimated annual cost of €65 million.
• A Temporary Solidarity Contribution Levy of 33% will be imposed on the excess profits of oil refining companies based on their 2023 taxable profits.
• Revenue from this levy will support pensioners not benefiting from the new pension increase in January 2025 and strengthen the Public Investment Program funding.## Supporting Vulnerable Groups
• The government is implementing measures to support vulnerable social groups during economic difficulties while achieving fiscal targets.

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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