VAT to Drop to 13% as of August 1, PM Says

VAT to Drop to 13% as of August 1, PM Says

 Prime minister Antonis Samaras said Value Added Tax in restaurant and catering services will be provisionally lowered to 13% from 23% as of August 1, the Athens News Agency reported.

Samaras said he had promoted the VAT reduction with the troika of lenders because businesses and chambers had reassured him it would bring higher revenues to the sector and the state. The prime minister, however, warned that if tax evasion remains high, VAT will again go up to 23%. “However, if it works out, I am sure more reductions in unbearable taxes will follow," the PM added.
The prime minister said that certain measures included in the memorandum would not be introduced in 2014, "which means that there will be no new cuts in pensions and salaries of the armed forces; nor will there be an additional tax of 0,002 percent on business turnover," the news agency added.
Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.