05.27.22
Further extension of VAT rates on certain products
The post-Covid recovery appears to be slow in nature, as reflected through the extension of reduced rate many countries are deploying.
Greece has announced a third extension of the VAT rate on certain products, from 24% to 13%. These products include:
- coffee;
- transport;
- non-alcoholic drinks;
- cinemas;
- gyms and dance schools; and
- tourism packages.
The VAT rate was first reduced on 30 June 2020, and subsequently extended on 1 October 2021 and again on 30 June 2022.
The reduced rates are expected to last until 1st January 2023.
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