Greek Islands with Mass Refugee Pressure Could be Relieved of VAT

alexiadisGreece’s Alternate Finance Minister Tryfon Alexiadis left open the possibility of abolishing VAT on Greek islands that are up against the social and economic stresses caused by the mass influx of refugees, while speaking in Parliament on Friday.

Alexiadis also admitted that the property taxes imposed via the Unified Property Tax (ENFIA) were “disproportionate” and that the government was considering an extension of property taxes to those owned by Greek taxpayers living abroad, in order to address the injustices in the system and make the tax fairer.

He further added that ENFIA will be paid as it currently stands for 2015 but the measure will be re-examined in 2016 and the new tax being prepared by the government to replace ENFIA will share the burdens more equally and fairly.

(Source: ANA-MPA)