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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 …

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Reduced VAT for food, social services, hotels goes into effect as of May 20

Greece’s Independent Public Revenues Authority has issued a circular with regards to the new decreased Value Added Tax that goes into effect as of Monday, May 20, 2019. The circular analytically describes the sectors affected by the decreased V.A.T. It affects hundreds of food items, catering services but also hotels …

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Pension contributions for freelancers, self-employed, farmers to decrease as of Jan

Pension contributions by freelance workers, the self-employed and farmers towards their pension will drop from 20% to 13.3% once a new law is voted, Labor Minister Efi Achtsioglou told News 24/7 radio station on Tuesday. The draft law for the reductions, which will include other professions as well, will be …

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Greece’s Exemptions Criteria to Emergency Property Tax

Parents with more than three children, long time jobless and people with heavy disabilities are exempted form the emergency Property Tax or they will pat reduced prices per square meter. More specifically: Reduced prices of 0,5 euro per sq meter will pay a) Parents with more than 3 children, when …

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