Greece reduced VAT updates

VAT changes include:

  • Fee-paying schooling is no longer be VAT exempt since July 2015, and liable to the standard VAT rate of 23%
  • The 30% discounted rate for the holiday islands is to be withdrawn. This will happen in three stages: the first group of islands on 1 October 2015; the second group on 1 June 2016; and the final third on 1 January 2017
  • VAT on beef meat is now to be subject to the reduced Greek VAT rate
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