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Greece extends islands reduced VAT rate

  • EU VAT
  • 26 December 2017 | Richard Asquith

Greece extends islands reduced VAT rate

Greece is to extend the application of a 30% discount on its VAT rate for key holiday islands. The reduction will not continue to 30 June 2018

The islands include: Chios; Kos; Leros; Lesbos; and Somos. This is the last group of island to benefit from the tax subsidy, which has been gradually withdrawn following bail out of the country by the EU, European Central Bank and International Monetary Fund.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.