Prime Minister Kyriakos Mitsotakis announced a VAT reduction for Greek islands with fewer than 20,000 residents, expanding a special tax regime that had previously applied to only five islands

To help businesses prepare, Greece’s Independent Authority for Public Revenue (AADE) has issued an informational bulletin outlining the upcoming changes.

The European Commission (EC) sent two formal letters of notice to Greece after it was deemed to have failed to comply with VAT directives and to communicate actions and transpose into its national law relevant directives linked to the imposition of reduced VAT rates for certain products and small enterprises. According to the the first […]

Reduced VAT rate of 13%, from the maximum 24%, aims to support efforts to stem skyrocketing cost-of-living