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Tag Archives: Value Added Tax

EU Commission threatens Greece, Cyprus and Malta over V.A.T. on yachts

 The European Commission has put Malta, Greece and Cyprus on notice of infringement proceedings for not levying the correct amount of Value Added Tax on the provision of yachts.  And some wonder why this when an identical system is used in France. This issue can generate major distortions of competition and …

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Greek government to scrap 23% V.A.T in private education & introduce gradually increasing rates

Greek government took an important decision: to scrap the 23% Value Added Tax in private education and introduce gradually increasing VAT rates, while kindergartens and nurseries will be free of V.A.T as before September. According to Athens News Agency report Tuesday noon, the new rates will be: 0% for kindergartens …

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Greece always good for a laughter: on lowering V.A.T. in catering

I openly confess: despite the non-sstop austerity measures, the tax hikes and the strict income decreases that make living unbearable, Greece never stops from triggering a loud, healthy laughter. Maybe the government does it on purpose… you know… for psychological reasons. To make us laugh and forget our misery for a …

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Are Greeks Really Insane? 23% VAT for Salty, 13% VAT for Sweet

More than one month after the implementation of the increased Value Added Tax on catering items and beverages, the Finance Ministry issued an clarifying circular. It is the absurdity that only a Greek official can think of.  News portal NewsItdescribed a simple example: The Bougatsa, a pie made of puff …

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