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Greece Extends VAT Reduction for Five Islands

|Approved Changes|Greece
Greece

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On 20 November 2019, the Greek government reportedly approved an extension of the 30% reduction of standard VAT rates for the islands of Chios, Kos, Leros, Lesbos, and Somos to 30 June 2020. Without the extension, standard VAT rates would apply from 1 January 2020. The five islands are the last islands eligible for the VAT reduction, which has been phased out for other Greek islands as part of …

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