Greece’s VAT Reductions: Focus on Direct Tax Cuts

• Greek law allows for VAT reductions on specific goods and services.
• The government has utilized this flexibility 23 times since 2019.
• Reductions include public transport, ferry and air travel, taxis, cinema tickets, certain public health-related products, coffee and non-alcoholic beverages, baby products, construction, and animal feed.
• Greece will comply with EU VAT regulations.
• VAT on food has not been reduced because past reductions did not result in lower prices for consumers.
• The government’s priority is to reduce direct taxes.
• Increased efforts to combat tax evasion are expected to generate additional revenue.
• New tax cuts will be announced in September.
• Taxpayers care about net income, not the specific type of tax reduction.

Source: regfollower.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.

---

---