Greece: Guidance on VAT rate reduction for eligible islands
Effective January 1, 2026
The Independent Authority for Public Revenue on December 31, 2025, clarified the 30% reduction of the value added tax (VAT) rate for certain Aegean islands.
The guidance, effective January 1, 2026, details eligibility criteria for goods and services, exclusions, and procedures for correcting VAT errors.
For more information, contact a KPMG tax professional in Greece:
Antonia Ariel Manika | amanika@kpmg.com