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Greece to increase reduced VAT rates 2011

  • VAT
  • 15 November 2010 | Richard Asquith

Greece to increase reduced VAT rates 2011

The Greek authorities have announced plans to increase the reduced VAT rates as detailed below from 1st January 2011. This comes on top of the recent increases in the standard VAT rates.  The new Greek VAT rates are:

  • Reduced Rate 11% to rise to 13%
  • Reduced Rate 5.5% to rise to 6.5%

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.