From the 01.06.2016, the normal VAT rate of 23% will become 24%, upon release of the corresponding measure through the Greek parliament.

Moreover, from 01.06.2016, the VAT rates on the following islands, are going to become equal to the VAT rates on the rest of Greece, that means that, the normal  rate will become 24%, the reduced  becomes 13% and the highly reduced will become 6%.

These increases apply to the following islands: Syros Thassos Andros, Tinos, Karpathos, Milos, Skyros, Alonissos, Kea, Antiparos and Sifnos.

The  reduced by 30% rates applicable at the Aegean islands (which continue to apply reduced rates) have been defined as follows : 17%, 9% and 4%.

These rates will apply until 01.01.2017 on the following islands:

The prefectures Lesbos, Chios, Samos, the Dodecanese except Rhodes und Karpathos, the Cyclades except Syros, Naxos, Andros, Paros, Tinos, Milos, Mykonos, Kea,  Santorini / Thira,  Sifnos  and  Antiparos, the island Samothraki and the north Sporades except  Skiathos, Alonnisos and Skiros.

NOTE: This article does not cover advisory, but only informational purposes, and cannot serve, as a basis for further actions, on the part of   the reader. Reception of specialized advice is required.

Our company does not hold any responsibility for any actions, taken by the readers, based on the present article.