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Travel & Tourism industry news by Greek Travel Pages (gtp)

Tourism Businesses Get VAT Refund

The ministry of finance recently announced the immediate return of Value Added Tax paid by tourism businesses (such as travel agencies and hotels) for costs on fixed assets.

According to the ministry, the tax rebate will cover 90 percent of VAT paid while the procedure will be completed in 30 days.

The remaining 10 percent of VAT will be rebated after completion of provisional tax controls.

Meanwhile, Tourism Minister Kostas Markopoulos recently signed a ministerial decision to begin payment of subsidies for the renewal of the country’s tourism bus fleet.

About the Author
Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently.

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