Increase VAT Rate From 1 June
According to the circular, issued by the Ministry of Finance, among other things it is determined that, from 1/6/2016:-The standard VAT rate is adjusted from 23% to 24% (the reduced and the reduced rate remains at 13% and 6%, respectively), and- The 30% reduction of VAT rates in eleven additional islands is abolished: Syros, Thassos, Andros, Tinos, Karpathos, Milos, Skyros, Alonissos, Kea, Antiparos and Sifnos (for the islands Thira, Mykonos, Naxos, Paros, Rhodes and Skiathos, the abolition is already...
