Hotels, travel agencies and car hire businesses across Greece, have three months time to install POS (point-of-sale) devices enabling customers to pay by credit card or face penalties.
Hotels in Athens saw no increase in occupancy in the first quarter of the year despite a growth of 6.1 percent in arrivals to the Greek capital during the same period, the Athens-Attica & Argosaronic Hotel Association said on Thursday.
The Greek economy misses out on taxes adding up to 350 million euros per year due to the operation of illegal tourism accommodation, according to a study presented on Thursday by the Hellenic Chamber of Hotels.
The reduction of value-added-tax (VAT) can reduce tax evasion and improve competitiveness, according to a study that contains data following a VAT rate reduction in the Greek restaurant industry in August 2013.
Greece's Financial Crime Squad (SDOE) has revealed that owners of some 500 luxury homes on popular islands are leasing their property via the Internet without declaring income to tax authorities.
The price of wining and dining out in Greece is expected to fall as the value added tax (VAT) reduction in the food service sector from 23 percent to 13 percent comes into effect on 1 August.
The Association of Greek Tourism Enterprises (SETE) made it clear on 19 July that it is determined for the recently announced VAT cut in the food service sector to become a permanent measure so it will boost the country's tourism sector.
“The VAT reduction is important for tourism because it strengthens our competitiveness, especially in a period when competitiveness is the main issue,” Greek Tourism Minister Olga Kefalogianni told the press on 17 July in regards to the recent reduction of the VAT rate in the...
Greek Prime Minister Antonis Samaras announced on Wednesday 17 July that the VAT imposed on restaurants, hotel restaurants, cafeterias and bars will be reduced from 23 percent to 13 percent as of 1 August 2013.
