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Greece increases reduced VAT in austerity measures

  • VAT
  • 24 June 2011 | Richard Asquith

Greece increases reduced VAT in austerity measures

The Greek government has announced plans to reschedule food and soft drinks purchases from the reduced, 13% Greek VAT rate to the standard 23% rate. This change will come into effect on 1 September 2011.

This moves comes as part of a range of austerity measures designed to help unlock the latest round of bail out funding from the EU, ECB and IMF.


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.