VATLive > Blog > Greece > Greek island VAT rise delayed again

Greek island VAT rise delayed again

  • Jun 22, 2020 | Richard Asquith

The discounted VAT regime for five Greek islands has been extended again. This time to 31 December 2020.

The islands enjoy a 30% discount on Greek VAT rates. The islands are: Chios, Kos, Leros, Lesbos, and Somos. The discounted VAT rate was due to set to the regular Greek rates from 1 July 2020.

This was part of the negotiated Euro-currency crisis bail out in 2012, led by the European Commission, European Central Bank and International Monetary Fund.

Latest Coronavirus news

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 can be contacted at: He is part of the European leadership team which won International Tax Review's 2019 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.

Register for instant access to over 30 hours of on demand webinars with global tax experts and our latest resources covering the most important isues facing your business right now and for 2021.

VATlive newsletter

Sign up for our free newsletter stay up-to-date with the latest tax news.

VAT Voice Webinars

Stay ahead of the curve, sign-up to VAT Voice, our essential monthly round-up of VAT, GST and legislation news