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

Tax Cuts Will Boost Greek Tourism’s Competitiveness, SETE Says

Tax cuts are among the main factors that can improve the competitiveness of Greek tourism and contribute to its steady growth, according to the sector's tourism body SETE.

South Aegean Prefect Slams Government for Abolishing Reduced VAT Rate on Greek Islands

South Aegean Prefect George Hatzimarkos on Thursday slammed the government for agreeing to axe the reduced value-added-tax (VAT) rates that apply on the Greek islands.

Study: Lower VAT Can Tackle Tax Evasion, Boost Competitiveness

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.

SETE: Tourism is at the Forefront to Support Greece

"Tourism will not surrender but continue to work hard to preserve the jobs it has created, to support the state's revenue... and to climb even higher in the world rankings of competitiveness", the president of the Greek Tourism Confederation (SETE), Andreas Andreadis, said on...

Greek Passenger Shipping Professionals Request Exemption from Potential VAT Rate Increase

Passenger ferry services should be designated as "emergency services" and therefore charged with a reduced Value Added Tax rate, the Association of Greek Passenger Shipping Companies (SEEN) said in a letter to Finance Minister Yanis Varoufakis.

Greece Hotel VAT Hike Could Put a Damper on 2015 Tourism Expectations

The Greek Tourism Confederation (SETE) has outlined the importance of maintaining the current value added tax (VAT) rate on the Greek hotel industry, in a letter sent today to Finance Minister Yanis Varoufakis.

PM Optimistic On Greek Tourism, Professionals Worried

“Greek tourism has been switched to autopilot and left unattended, something that was obvious at this year’s Thessaloniki International Fair (TIF)… We did not hear that Greece would carry out what its competitors are im­plementing, whether that be a promotion campaign or the...

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.

Hotel Chamber Wants Support Measures to Tackle Crisis

The Hellenic Chamber of Hotels called for the state and the private sector to overhaul their forces in order to formulate a new tourism strategy, which will assist the industry to limit the negative impact of the international economic crisis.