Further extension of VAT rates on certain products

27 May 2022
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Greece

The post-Covid recovery appears to be slow in nature, as reflected through the extension of reduced rate many countries are deploying.

Greece has announced a third extension of the VAT rate on certain products, from 24% to 13%. These products include:

  • coffee;
  • transport;
  • non-alcoholic drinks;
  • cinemas;
  • gyms and dance schools; and
  • tourism packages.

The VAT rate was first reduced on 30 June 2020, and subsequently extended on 1 October 2021 and again on 30 June 2022.

The reduced rates are expected to last until 1st January 2023.

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