The Greek Ministry of Finance has announced the signing of a joint decision that extends the 30% reduction of the standard VAT rates for the islands of Chios, Kos, Leros, Lesbos, and Somos to 31 December 2020. Without the extension, standard VAT rates would have applied from 1 July 2020. The five islands are the last islands eligible for the VAT reduction, which has been phased out for other G…