Greece has extended the application of discounted VAT rates to five Aegean islands until the end of the year.  This favourable tax regime was previously due to expire on 30th June 2019.

Currently, the islands of Lesbos, Chios, Samos, Kos and Leros benefit from a 30% discount to the normal Greek rates of VAT. Therefore, VAT is applied at a standard rate of 17%; a reduced rate of 9% and a super-reduced rate of 4%.  These special VAT rates do not apply to supplies of alcohol, tobacco or transportation.

Mainland Greece and all other Greek islands remain subject to the normal standard, reduced and super-reduced rates of Greek VAT which stand at 24%, 13% and 6% respectively.

By |July 8th, 2019|