Posts about “Greece”

VAT in Greece: standard rate to increase

Tue, May 24, 2016
The standard rate of VAT in Greece is to increase from 23% to 24% on June 1 after the relevant tax bill amendments were adopted by the Greek Parliament on May 22. The tax rate increases approved on Sunday will have a broad impact as increases were announced to the taxation of cars, fuel, cable TV, lotteries, telephone subscriptions, beer, and cigars. The background to these taxation measures was the May 24 meeting of Eurozone finance ministers in Brussels.