Lower VAT Rate Extended Until June 2021 for Five Greek Islands

December 4, 2020

ATHENS — A special lower VAT rate for islands coping with the migration crisis has been extended until June 2021 for the islands of Lesvos, Chios, Samos, Leros and Kos, the government announced on Friday.

This was based on the relevant Joint Ministerial Decision (JMD) and the figures (the average number of people housed in refugee and migrant camps) for 2019-2020 when the repercussions of the migration crisis continued to apply, the migration and asylum ministry said.


ATHENS - While Greeks pay income taxes up to 45 percent the government is going ahead with plans to tax multinational companies in the country at a rate of 15 percent, anticipating it will bring in 80 million euros ($86.

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