Uproar on north Aegean islands over imminent VAT hike
The upcoming abolition of the reduced VAT rate on the Aegean islands has caused…
The upcoming abolition of the reduced VAT rate on the Aegean islands has caused major controversy among the island residents, with local authorities, association groups and unions on Lesvos, Chios and Samos organizing demonstrations.
The aim of the demonstrations is to suspend the VAT hike, as the islands are already experiencing difficulties due to the refugee crisis. The outcome of the demonstrations planned will also determine the future of further actions.
According to the District Governor of the Northern Aegean Christiana Kalogirou, the VAT hike will be detrimental to the tourist economy of the islands and will further hamper reconstruction efforts and competitiveness.