Turn the Page: Greek Publishers Want Big VAT Cut on Books

February 14, 2022

ATHENS – Greek publishers say they need a cut in the Value Added Tax (VAT) on sales of books from 24 to 6 percent, including on printing and bookbinding and production costs or they won’t make it.

Several publishers told Kathierini that the difference between VAT on sales and production costs is taking away a critical cash reserve, putting smaller houses on the edge of going under and larger ones looking for foreign services.

Yannis Konstantaropoulos, publisher of Minos and President of the Association of Greek Books, said publishers “prepay very high VAT, which, however, is not offset by the low VAT of sales.”

“We must have a 400 percent profit for this to happen,” he said, noting that when there is such a big difference between VAT, “we always end up being owed a refund from the tax office, which can come in three months.”


In recent years, the interest in genealogy has skyrocketed as more and more people are utilizing technology to learn as much as possible about their family history.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Indians Vote in the First Phase of the World’s Largest Election as Modi Seeks a Third Term

NEW DELHI (AP) — Millions of Indians began voting Friday in a six-week election that's a referendum on Narendra Modi, the populist prime minister who has championed an assertive brand of Hindu nationalist politics and is seeking a rare third term as the country's leader.

KOS - A one-year-old girl on the island of Kos died from choking on food, a forensic examination determined, and there weren’t any signs of sexual abuse which was originally thought involved.

BARCELONA, Spain  — Casper Ruud took his revenge against Stefanos Tsitsipas by winning the Barcelona Open final in straight sets on Sunday for his biggest career title, a week after losing to the Greek in the Monte Carlo Masters final.

DENVER  — Unlike their crowd that drowned out the Los Angeles Lakers' pregame introductions, the defending NBA champion Denver Nuggets were a little late to the playoff party Saturday night.

MADRID — With a late strike by Jude Bellingham, Real Madrid took a huge step toward winning the Spanish league.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.