Greece - Proposed VAT Rate Cut

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Following Greece’s exit from the Third Economic Adjustment Programme (usually referred to as the third bailout package) with the IMF, the European Central Bank and the EU, Prime Minister Alexis Tsipras announced a number of tax legislation amendments on 8 September 2018.

This included a commitment to reduce the standard VAT rate from 24% to 22%, and the reduced VAT rate from 13% to 12%, from 1 January 2021.

Should you require any VAT assistance in Greece, or require any international VAT assistance, please contact us.

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