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VAT and Greek economy

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benson:
You could get a job in the greek finance ministry - maths like yours - that's why they're in this mess Jim  ;D 

Jimbo:
Thanks, Benson! Maybe I should stop running a computer company!

Because VAT is proportional, the effective increase of a rate change from 13% to 23% is same as multiplying the base charge by 23 divide 13. This is an increase, as you rightly said, of 8.84955 % approximately.

Dupnica:
 I wonder how much of these Vat increases are going to reach the government coffers in a country where tax evasion is rampant. How do they collect taxes from the restaurants and tavernas? How much money is actually declared and how much is not? When we were there in June we were told that restaurants were taxed on how many tables they had but that this did not apply to older establishments.
 The police were going round checking that employees were EU nationals and that they had identity cards and that employers were paying their National insurance.
 If Hotels are going to pay an increase in Vat after October will the holiday companies up their prices for next year even for the people who have already booked . I expect Apartment owners will also have to pay more so all of us who go independently won't escape.

thejoneses:
Safe to say Mythos will remain unchanged , along with ouzo , metaxa and all cocktails. Alcohol has been  23% VAT since before the "crisis" . Phew !!!!!!

hilary:
San Stefano Travel as a travel agency will honour the prices for all our accomadation bookings for the duration of  2015. No increases will be implemented. However, there could be slight changes for 2016 but this situation will be reviewed at the end of the season.
As always, the sun continues to shine here. Our advise to  friends and customers is to just carry on enjoying your holidays and leave these small worries to us the locals  ;)

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