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Greek Parliament Approves VAT Cuts

by Ulrika Lomas, Tax-News.com, Brussels

21 May 2019


The Greek Government has announced that parliament has approved legislation reducing the rate of value-added tax on food and energy.

The new rates are effective from May 20, 2019. The VAT rate for basic food and certain drinks, such as unflavored milk, has been cut from 24 percent to 13 percent. In addition, VAT on supplies of energy to domestic and business customers, including gas and electricity, has been lowered from 13 to six percent.

TAGS: Finance | VAT rates | tax | business | value added tax (VAT) | energy | food | legislation | Greece

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