31 January 2018

Greece extends reduced VAT rate for certain islands affected by refugee crisis

The Greek Ministry of Finance issued a Press Release on December 19, 2017, by virtue of which an extension was granted for the application of the reduced Value Added Tax (VAT) regime (a 30% reduction in rates compared to the standard VAT rates) until June 30, 2018. The extension is for the islands of Lesvos, Chios, Samos, Kos and Leros, all affected by the refugee crisis.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0234

Document ID: 2018-0234