German-Greek Business Association concerned about VAT rates

The German-Greek Business Association (DHW) on Monday expressed worries over reported planned tax hikes by the SYRIZA led-government, especially after recent statistics pointing to a 25 percent decline in tourism bookings from Germany.

In a statement, DHW expressed serious concern about “the manner and the haphazard way” in which the government is drafting its tax policy, arguing that “an increase in the value-added tax rates from 6.5 percent in accommodation and 13 percent in catering to 16 and 19 percent respectively will generate a chain of negative developments in Greek tourism and its enterprises.”

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