OrbitaxUpdate - Greek Legislation Amending VAT, Property Tax, and Taxation of Investment Companies and Funds
|Approved Changes|Greece
On 27 May 2016, Greece published in the Official Gazette recently adopted omnibus legislation including, which includes a number of tax changes needed as part of Greece's bailout ({News-2016-05-26/A/4- previous coverage}). Additional details for some of the main changes are as follows:
VAT Changes
The increase in the standard value added tax (VAT) rate from 23% to 24% is effective from 1 Jun…
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