Greece increases reduced VAT in austerity measures |
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26 June 2011 The Greek government has announced plans to reschedule food and soft drinks purchases from the reduced, 13% VAT rate to the standard 23% rate. This change will come into effect on 1 September 2011. This moves comes as part of a range of austerity measures designed to help unlock the latest round of bail out funding from the EU, ECB and IMF. Click here if you would like to receive TMF VAT's regular FREE VAT news updates |
