The hotel VAT increase in Greece to 13% for 2015, the abolition of the reducted tax for the Greek islands – Interactive consequences

The hotel VAT increase in Greece to 13% for 2015, the abolition of the reducted tax for the Greek islands   Interactive consequences
The Hotel VAT increase to 13%, relentlessly demanded by our country’s lenders and willingly accepted by the Government, seems like a time bomb. And it is a “time bomb” for one reason only. Because since the contracts with the Tour Operators for next year’s Tourist season, from May to August 2014, have already been signed and their pamphlets have been issued with charges for accommodation costs based on the signed contracts, now they are called to absorb these extra costs.

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