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Greece Permanently Extending VAT Reduction for Five Islands

|Approved Changes|Greece
Greece

The Greek Ministry of Finance has announced that a proposal for a permanent reduction in the VAT rate for five Greek islands was discussed and approved during a recent Eurogroup meeting, subject to the condition that facilities for asylum seekers operate on the islands. This includes the 30% reduction of the standard VAT rates for the islands of Chios, Kos, Leros, Lesbos, and Somos, which was …

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