- A 30% reduction in VAT rates will take effect from January 1, 2026, for Greek islands with populations up to 20,000 residents.
- The reduced VAT applies to eligible goods and services, but excludes tobacco products and means of transport.
- The new rates are: 24% reduced to 17%, 13% to 9%, 6% to 4%, and 4% to 3%.
- The measure covers 24 named islands and several smaller islets, with specific rules for goods supplied from and to these islands.
- AADE has issued detailed implementation guidelines, including eligibility conditions for suppliers and buyers.
Source: greekcitytimes.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.
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