The Ministry of Finance has announced the 2024 Budget, which includes some important changes in the VAT rate for various supplies. The budget includes a sixth extension to the reduced VAT rate of 13% for a range of basic supplies until June 30, 2024. This covers taxis and self-serve coffees, which were originally subject to a high VAT rate of 24%. The extension aims to support these sectors that have been affected by the COVID-19 pandemic.
What do you need to know about the VAT rate changes in the Greek Budget for 2024?
Public
Greece
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1760
Content accuracy validation date:
06.12.2023
Content accuracy validation time:
09:06h
However, the budget also proposes to make the reduced VAT rate permanent for some other supplies that are currently enjoying the temporary cut. These include:
- urban, suburban, land, and railway transport;
- tour packages;
- gyms;
- various health supplies, such as medicines, vaccines, and medical devices;
- cinemas and
- theatre tickets.
These supplies are considered essential for the social and economic well-being of the citizens, and the permanent cut will help boost their demand and consumption.
On the other hand, the budget will restore the high VAT rate of 24% on soft drinks served (not water), which were previously subject to the reduced VAT rate of 13%. This measure is intended to discourage the consumption of unhealthy beverages and promote public health.
The VAT rate changes will take effect on January 1, 2024, unless otherwise stated. The Ministry of Finance will monitor the impact of these changes on the economy and society and will make adjustments if necessary.
Other news from Greece
Greece Steps Up Market Inspections to lessen Tax Evasion
Greece
Author: Tara Nedeljković
Greece is ramping up market inspections to curb VAT evasion, combining on-site checks with electronic cross-checks focused on mandatory connectivity between EFT-POS, IRIS, cash registers, and the myDATA system. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greek AADE intensifies 2026 controls with more focus on retail transactions.
Greece
Author: Tara Nedeljković
Greece’s AADE will intensify tax controls in 2026 by shifting from random inspections to data-driven risk analysis, with a strong focus on retail transactions and sectors prone to cash-based tax evasion. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
How Are Electronic Payments Changing the Greek Payment Landscape?
Greece
Author: Tara Nedeljković
Greece is rapidly shifting from a cash-heavy economy to widespread electronic payments, driven by government measures, new legal requirements, and the linking of payment terminals to tax authorities, with studies by the Foundation for Economic and Industrial Research (IOBE) showing strong growth in card usage and significant VAT gains. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece is Introducing Partial Targeted VAT Reform
Greece
Author: Tara Nedeljković
Greece’s Law 5246/2025 introduces a targeted VAT reform focused on supporting low-population island regions, extending real estate VAT suspension rules, and removing certain levies. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greece: Mandatory IRIS Instant Payments from December: All Businesses including B2C to Accept IRIS
Greece
Author: Tara Nedeljković
From December 1st, all B2C transactions must accept IRIS payments, with regulatory groundwork being finalized by the AADE. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Greek Authorities Announced One-Month Extension for Mandatory IRIS Payment Implementation
Greece
Author: Tara Nedeljković
Greece's government extended the IRIS payment system deadline to December 1, 2025, allowing businesses more time to prepare. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Businesses in Greece Will Be Required to Declare Vending Machines in the New Greek AADE Register
Greece
Author: Tara Nedeljković
The Greek Independent Authority for Public Revenue (AADE) has established the Register of Vending Machines, set to launch on November 14, 2025, requiring all operators to declare their machines for monitoring and tax compliance. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login