Despite progress against tax evasion, Greece continues to lag Europe in VAT revenues, as multiple exemptions and reduced rates shrink the tax base and limit collections, according to IOBE and new research from the Tax Foundation

Under the exemption, eligible businesses will not be required to submit VAT returns and can issue simplified invoices, reducing overall administrative costs.

Softdrinks consumed in shop will be subject to 24% VAT while those bought through takeaway will be charged 13%

The “taxman cometh” to Greece’s surging short-term lease sector (the Airbnb phenomenon) as of Jan. 1, 2024, with an overnight stay fee tacked on to some 170,000 listed properties around the popular holiday destination. Approximately 7,440 property owners will also have to add VAT to their fees, while also keeping accounts similar to those kept […]