Greece VAT changes 2023
In an effort to reduce the impact of inflation and the economic difficulties arising from the COVID pandemic and energy crisis, Greece has made a number of changes to VAT rates for 2023. Here are the main updates to Greek VAT.
Extension of 13% and 6% Greece VAT rate reduction
The Greek government has extended the 13% VAT rate reduction applied to non-alcoholic drinks, supplies and imports of works of art, dance schools and gyms, passenger transport, and zoo tickets until December 31, 2023.
Also being extended to December 31, 2023, is the reduction to 6% of the Greece VAT rate on personal hygiene and protection products, including face masks, gloves, soap, antiseptics, and ethyl alcohol. Some services, such as cinema tickets, and theatre and concert tickets, will also remain at 6% until the end of 2023.
No Greek VAT on new buildings until 2024
To encourage investment, the 24% Greece VAT rate normally applied to the purchase of new properties has been suspended until 2024. This means that anyone buying a new build property in Greece (whether foreign or a citizen) will not have to pay the VAT on property until 2024.
