13% VAT rate for food and restaurants extended to end of 2014

According to the regulation issued by the General Secretary of Public Revenue Haris Theoharis, the 13% reduced VAT rate for food and restaurants will be extend until the 31st of December 2014.

The lower VAT rate, which was implemented in August, is applicable to food delivery services, coffee and hot drink kiosks, as well as other goods intended for immediate consumption at restaurants.

Mr. Theoharis clarified that the regular 23% VAT rate will remain in place for night clubs, alcoholic and non-alcoholic beverages accordingly and other related goods, which are not intended to be consumed immediately.

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