Michaela Merz

Greece – increase of VAT rate as per 1 of June 2016 approved by parliament

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747723_web_R_K_B_by_lunad_pixelio.deThe proposed increase in the standard VAT rate from 23% to 24% was approved by the Greek Parliament yesterday (22 May) and will take effect from 1 June 2016. The Bill introducing the VAT rate increase also provides for the abolition of the special 30% reduced VAT rates in the islands of Syros, Thasos, Andros, Tinos, Karpathos, Milos, Skyros, Alonnisos, Kea, Antiparos and Sifnos, where the new 24% standard rate will apply from 1 June.

Please contact Natalia Skoulidou for further details:
natalia.skoulidou@gr.pwc.com

Image source: lunad / pixelio.de

 

One thought on “Greece – increase of VAT rate as per 1 of June 2016 approved by parliament

  1. Pingback: Greece – increase of VAT rate as per 1 of June 2016 approved by parliament | Michaela Merz | Kelvin Hulsebos

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