NEWS

Island businesses take action over VAT hike

Island businesses take action over VAT hike

A businessman on Myconos on Thursday lodged an appeal to the Council of State, the country’s highest administrative court, calling for a new law that revokes a value-added tax discount hitherto enjoyed by certain Greek islands to be annulled as “unconstitutional and illegal.”

The appeal by the unnamed entrepreneur came a day after the municipal council of Skiathos decided to appeal to the same court against the revoked discount, which obliges a handful of popular Greek islands to pay the standard VAT rates of 6, 13 and 23 percent that apply in the rest of the country.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.