Meeting on VAT cut for border islands

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A two-hour gathering with the determination governors and the mayors of the 19 borderline islands, where a important simplification successful VAT will use from January 1, 2026, was held connected Wednesday by Economy and Finance Minister Kyriakos Pierrakakis, on with Alternate and Deputy Ministers Nikos Papathanasis, Thanos Petralias and Giorgos Kotsiras. 

The gathering was held via teleconference and focused connected tax betterment based connected demographics and support for the mediate class, arsenic well arsenic reducing VAT connected borderline islands, and gradually abolishing the ENFIA spot tax successful each settlements with a colonisation up to 1,500.

The governmental enactment of the ministry stated that the simplification successful value-added tax applies to each products and services. VAT will beryllium reduced from 24% to 17% and from 13% to 9%.

Pierrakakis stressed that these measures “do not solve the demographic problem,” but they are a wide denotation that the state recognizes the diminution successful births arsenic a large contented and wants to lend successful each way imaginable to reversing the trend.