It has been voted from the Greek Parliament, that the reduced VAT rates will continue to apply for one more year (until 31.12.2017) to the islands of the prefecture  Lesbos, Chios, Samos, Evros and Dodecanese except the islands Rhodes and Karpathos.

More specifically, the reduced VAT rates(standard rate 17%, reduced rate 9% and highly reduced rate 4%), shall continue to apply until the 31.12.2017, to  the following islands: 

a) the islands of prefectures Lesbos: Lesbos, Limnos and St. Efstratios,

b) the islands of prefectures Chios: Chios, Oinousses, Psara, Antipsara,

c) the islands of prefectures Samos: Samos, Ikaria, Fournoi, St.Minas, Thimaina,

d) the island of prefecture Evros: Samothraki,

e) the islands of prefecture Dodecanisou : Kos, Patmos, Astipalaia, Kalymnos, Kasos, Leros, Nisiros, Simi, Tilos, Kastelorizo and also smaller islands Agathonisi, Alimia, Arkoi, Armathia, Chalki, Farmakonisi, Giali, Kinaros, Levitha, Leipsi, Marathos, Nimow, Pserimos, Saria, Stroggyli, Sirna and Telendos.

To all the other islands, the rates which will apply from 01.01.2017 are going to be the same as in the rest of the country, that means the standard VAT rate is 24%, the reduced rate 13% and the highly reduced rate 6%.

NOTE: This article does not cover advisory, but only informational purposes, and cannot serve, as a basis for further actions, on the part of   the reader. Reception of specialized advice is required.

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