5% Reduced Vat Rate Applicable On Tourism Services

VAT DECREE Κ.Δ.Π 268/2020 WAS ISSUED BYTHE CABINET ON THE 23RD OF JUNE 2020 TO TEMPORARILYREDUCE THE VAT RATE ON TOURISM SERVICES

VAT Decree Κ.Δ.Π 268/2020 was issued by the cabinet on the 23rd of June 2020 to temporarily reduce the VAT rate on tourism services.

The reduction of the VAT rate from 9% to 5% will be applicable for the period from the 1st of July, 2020 to the 10th of January, 2021, for:

1. hotel accommodation, hotel apartments accommodation and similar establishments, including holiday accommodation;
2. restaurant and catering services;
3. transport of passengers and their accompanied luggage

As it is clarified, restaurant services consist of the supply, rendered in the premises of the supplier, of prepared or unprepared food and/or beverages for human consumption, accompanied by a sufficient support service allowing for the immediate consumption thereof, while catering services consist of the same supply, rendered off the premises of the