Controversial VAT hike formally comes into effect

The General Secretariat of Public Revenue published a circular on Tuesday which outlines the changes to the VAT for a variety of…

The General Secretariat of Public Revenue published a circular on Tuesday which outlines the changes to the VAT for a variety of goods and services.

As expected, the circular introduces changes in the following goods and services, which will become more expensive:

  • Tobacco products (cigarettes, rolling tobacco etc)
  • Electronic cigarettes
  • Alcoholic beverages (abolition of special discount in the Dodecanese islands)
  • Introducing a special tax on beer
  • Energy products (natural gas, diesel and gas)
  • Coffee

The circular is available online

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