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Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.

Greece’s Economic Chamber Says Reduced Island Tax Status an EU Provision

The Economic Chamber of Greece is calling on the government to retain the special tax status applicable on Greek islands.

Greek Gov’t Seeking Way to Put Island VAT Hike on Hold

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.

Product Price Hikes Across 32 Greek Isles as of Jan. 1

Products and services on 32 islands in the Dodecanese and North Aegean Region will go up as of January 1, 2018, due to new VAT rates.

E. Aegean Islanders Ringing Alarm Bells Ahead of 2017 Tax Hikes

Eastern Aegean island professionals are ringing alarm bells in view of VAT tax hikes to take effect January 1 and are calling on the government to apply taxation rates that were applicable in 2015.

Greek Island VAT Hike Not Paying Off

The increase in value-added tax (VAT) on Greek islands has not paid off, according to comparative data examining VAT revenues at 20 island destinations.

Greek Tourism Body Proposes Safeguard Clause Against Sudden VAT Hikes

In efforts to ensure that pending deals for 2016 go ahead, the Greek Tourism Confederation (SETE) proposed on Thursday, the inclusion of a safeguard clause in contracts between foreign tour operators and local accommodation entrepreneurs to cover potential VAT changes.