Greece raises VAT on island

Thu 20th Oct 2016

From 1 January 2017, Greece will withdraw the 30% VAT rate discount from the last group of holiday islands.

The islands included are: Lesvos, Chios, Samos and Kos.

The discount was given from the mainland standard VAT rate to help curtail reducing population rates on the remote islands.  The standard VAT rate in Greece is 24% since June 2016.

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