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Finance Ministry extends reduced V.A.T. for 5 islands in the Aegean

The Finance Ministry has extended the implementation of reduced Value Added Tax V.A.T. for five islands in the Aegean Sea for another six months. The five islands are these that have been receiving the largest migrants inflows.

According to the Finance Ministry decision the reduced V.A.T. will be valid for

  • Leros, Lesvos, Kos, Samos and Chios

The extension will be valid from 1. July 2019 until 31. December 2019.

The decision foresees a 30% reduction of the V.A.T. for goods and services

The ministerial decision stresses among others the “extremely urgent need to address the consequences of increased refugee flows on the islands of Leros, Lesvos, Kos, Samos and Chios.”

It underlines “the fact that the average number of guests at the Reception and Identification Centers of the aforementioned islands over the period from 1.6.2018 to 31.5.2019 exceeds the hosting capacity per island, as determined by the act of establishing of each Center.”

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