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VAT Update - End of 5% VAT for hotels and restaurants
The reduced VAT rate from 9% to 5% for the provision of accommodation services in the hotel sector, restaurants and catering and passenger transport expired on 10th of January 2021.
Therefore, from 11th of January 2021 the VAT rate on these services is charged on the normal rate of 9%.
It should be noted that the reduced rate of 5% instead of 9%, for the below services, was introduced by the Government only for the period from 1st of July 2020 to 10th of January 2021.
- Hotel, tourist and other similar accommodation
- Restaurant and catering
- Transport of passengers within the Republic with a taxi or bus.
We remain at your disposal for anything you may need.
Contact persons
Leonidas Papadopoulos
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+357 22 100 192
Head of Accounting
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Pavlos Tsiaklides
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+357 22 100 192
Head of Audit
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Andreas Odiatis
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+357 25 100 692
Audit Manager