The Greek Ministry of Finance has announced the signing on 14 December 2020 of a decision to extend the 30% reduction of the standard VAT rates for the islands of Chios, Kos, Leros, Lesbos, and Somos to 30 June 2021. Without the extension, standard VAT rates would have applied from 1 January 2021. The five islands are the last islands eligible for the VAT reduction, which has been phased out f…