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VAT and Greek economy

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Jimbo:
Greece's future in the Eurozone is still uncertain.

Many people here and on Facebook have expressed fears about VAT changes and how it might cause them to eat less and lose a bit of weight.

However, Finance Minister Yanis Varoufakis has just released a statement saying that there will be NO VAT changes until the end of the summer.

So, with that fear out of the way, we can all help the local economy by going on lots of trips and over-indulging in food and drink. Yammas.

Gavlah1973:
Phew!!! Now Tony Cox can have his usual lb of chips with every meal

#notaxonchips

tenbeech:

  I thought Greek VAT and other taxes were paid by customers but not passed on to the government ,    ( Mostly )

Jimbo:
Latest VAT proposal rumours are of two rates: 18 and 10.5%

Also - the 18% would drop to 15% is paying with credit or debit cards to avoid cheating. If so, that would mean a potential drop in prices next year. Current main rate is 23%

There's still no agreement between Greece and EU/ECB/IMF, although the noises are slightly more encouraging. June 5th is the next key date. If they can't agree by then and unlock more money, Greece have to default on its payment.

Andy7:
Was in San Steph last week and with the exchange rate it is now very cheap, 3 course special at Little Prince works out at £6.65 and £3 for a half litre of wine!

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