Greece reduces taxes on restaurants, holiday cheaper?

Posted on May 22, 2014 – 01:22 pm

Page: The trend of this crisis, which is gripping us for over 4 years, is well known: travel and holidays are very much affected by the decline in industrial production, and in fact families are shrinking their strong purchasing power, which immediately represent the impossibility of organizing travel and holiday periods.
But there are those who are worse off than us, and our thoughts turn immediately to Greece that is living for months on the brink of bankruptcy, and which is still strangled by the economic measures that prevent heavy to recover from this recession and austerity recovery mechanisms seem inconcigliabili between them. But since yesterday, Greece has taken an important decision that should give pause to all those nations that link on tourism as a factor of economic growth: while our Italian politics deep thinking between IMU and point increase in VAT, which could be reach 22% in autumn, greek prime minister, Antonis Samaras announced yesterday that it has been lowered the VAT rate on food. The rate was lowered significantly from 23% to 13% to encourage tourism, which will become more attractive for strength.

So tourists who are thinking about a last minute holiday in Greece, take into account that since yesterday are likely to experience lower prices, to eat in restaurants Hellenic, and our thoughts turn to various moussaka, souvlaki and memorable salad with feta cheese, that await us at discounted prices! All the travel industry is expected to register a strong impetus to VAT lower, and since tourism is one of the most important sectors of the Greek economy, accounts for over 15% of GDP, the decision should be a major contributor to the recovery Greece's economic.

Samaras, however, was clear: if the caterers do not convert the reduced rate, lowering their price lists, the government will raise again the VAT to 23%.
Continued ...

Previously the rate of 23% was in force since July 2010, whereas before it was placed at 18%, and now thanks to a strong reduction in income tax, the competitiveness of Greece is expected to undergo a sudden increase. Last year, the Greece had recorded 15.5 million international arrivals -5.7%, but in 2013 the trend seems to have reversed: for example, in June, there was an increase of 14.6% of arrivals, almost two million more passengers counted at Greek airports over the previous year. And with the reduced VAT rate on food, August and September are expected to increase two months of great tourist! And you are planning an upcoming trip to Greece?


I'd pick Croatia and venture to Slovenia also

2008-04-05 10:42:10 by OldBeth

Just beautiful - and less expensive than Greece.
You can do it on that budget - you'd have to go on the cheaps to do that in Greece (and, the travel to the nice islands is very time consuming).

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