Migrant data to determine VAT discount for islands

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Wednesday, January 2, 2019
Migrant data to determine VAT discount for islands
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Author: ekathimerini.com | 2 January 2019

The favorable value-added tax status of five eastern Aegean islands could be extended beyond June 30 if the European Commission establishes that the number of migrants and refugees who have landed on their shores exceed the capacity of their respective reception centers.

A legislative act that earlier this week extended the 30 percent discount on the VAT rates applying to Lesvos, Chios, Samos, Leros and Kos, also states that if the average number of migrants hosted at the reception centers in June and December each year exceeds the number provided for by the centers’ charter, the VAT discounts will be extended for the following six-month period. Read more>>>