Author Topic: VAT changes  (Read 5534 times)

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Offline Maik

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VAT changes
« on: Friday, 17 July, 2015 @ 00:27:56 »
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Consumers, retailers confused by VAT shifts

The VAT changes that came into force in Greece on Thursday saw spaghetti placed in the 13 percent value-added tax bracket while its stuffed-pasta sibling tortellini incurred a 23 percent rate. Cereal grains stay in the 13 percent bracket, but boxed breakfast cereals climb to 23 percent. Salmon remains at 13 percent, but beef shifts to 23 percent. These and other unpleasant surprises await shoppers once all enterprises have managed to change the VAT rates on merchandise according to the government’s decisions.

Based on what is included in the law’s text, there are several strange cases in the separation of food commodities: Beef is the only meat in the 23 percent VAT bracket. Most forms of milk carry a 13 percent rate, but evaporated milk has 23 percent.

Corn oil and other similar types of food oil that are cheaper than olive oil have been shifted to the 23 percent bracket, while olive oil remains at 13 percent. Likewise, sliced “toast” bread, crispbread and rusks jump to the 23 percent category, while traditional bread remains at 13 percent.
http://www.ekathimerini.com/199640/article/ekathimerini/business/consumers-retailers-confused-by-vat-shifts

Offline Colleywobble

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Re: VAT changes
« Reply #1 on: Friday, 17 July, 2015 @ 12:43:20 »
Do you need a degree to run a shop over there? Reckon Solomos will just put everything in the 23% anyway !!

Offline Bluenose

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Re: VAT changes
« Reply #2 on: Friday, 17 July, 2015 @ 15:32:10 »
Got a feeling your somewhere near the truth there Collywobble. 'Creative' accounting. Again !

Offline Aristarches

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Re: VAT changes
« Reply #3 on: Friday, 17 July, 2015 @ 23:33:54 »
Doesn't it depend on instructions from the Kraut finance ministry?

Offline Maik

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Re: VAT changes
« Reply #4 on: Friday, 17 July, 2015 @ 23:51:18 »
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Increases in Greek VAT to take effect on July 20
http://www.newsbomb.gr/en/story/607854/increases-in-greek-vat-to-take-effect-on-july-20


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Taxi fares dearer from Monday

Taxi rides will be more expensive come Monday as the value-added tax on fares goes up from 13 to 23 percent following recent legislation passed through Parliament as part of Greece’s ongoing negotiations with its creditors.
http://www.ekathimerini.com/199684/article/ekathimerini/news/taxi-fares-dearer-from-monday

Offline Maik

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Re: VAT changes
« Reply #5 on: Tuesday, 21 July, 2015 @ 14:40:25 »
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Greek Ferry Ticket Prices Rise 10% for Passengers Due to VAT Hike

The price to transfer a vehicle on a Greek ferry has remained unchanged since the VAT for that service was already 23 percent.

Shipping company representatives expect a drop in traffic of around 20 to 30 percent this year, which is 2.5 to 3 million less passengers.

According to IOBE, 65 percent of ferry passengers (some  8.7 million) traveled in 2014 for tourism purposes. Of these, 5.2 million were Greeks and 3.4 million were foreigners.
http://news.gtp.gr/2015/07/20/greek-ferry-ticket-prices-rise-10-vat-hike/