- The Greek Minister of National Economy and Finance, Kyriakos Pierrakakis, announced a reduction in VAT for remote islands, correcting a previous injustice. This measure, along with other tax reductions, aims to support local communities, especially those facing greater challenges. The initial response to these measures has been positive. The Minister emphasized the importance of annual growth and changing the country’s production model to align with the EU. He also highlighted the role of Greek islands in promoting quality products globally and discussed the transport equivalent tool supporting island residents.
Source: minfin.gov.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.
Latest Posts in "Greece"
- Greece Implements EU Small Business VAT Scheme with EUR 10,000 Threshold
- Greek Finance Minister Addresses Tobacco Tax, Savings Union, and Stablecoins at EU Meetings
- Greece Introduces Mandatory Electronic Invoicing for Businesses Starting February 2026
- Greek Parliament Considers 2026 State Budget Bill with VAT Suspension Extension
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
