Five Greek Islands Allowed To Retain VAT Concessions
by Lorys Charalambous, Tax-News.com, Cyprus
27 December 2017
Greece has agreed to keep in place reduced rates of value-added tax in five Greek islands for a further six months.
Greece had agreed to remove concessionary rates of value-added tax on all the Aegean islands from January 1, 2018, in extra terms added to the bailout agreement with international creditors.
It has now been announced that Chios, Samos, Lesvos, Kos, and Leros – five islands facing higher costs as a result of the arrival of significant numbers of refugees – will continue to benefit from VAT rates that are 30 percent lower than in the mainland until June 30, 2018.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Should I Incorporate My Business In Texas? »
- International Tax Planning »
- unsurprising teething problems »
- Cyprus Laws and Regulations »
- A warren of rabbit holes »
- GDPR, a possible laughing matter? »
- Why is Hong Kong One Of The Best Place To Base Your International Corporation? »
- Banking in UAE »
- VAT in the Construction Industry »
- Why choose New Zealand as an offshore financial centre? »