Lower VAT to reduce food price in Greece

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Lower VAT to reduce food price in GreeceThe catering sectors for which VAT is to be reduced are the following: Souvlaki and grill houses, pizzerias, bakeries, restaurants, tavernas, cafeterias, pastry and confectionery shops, snack bars, fast food shops and canteens

A reduction of VAT on all foods to 13 percent, down from 24 percent for many foodstuffs at present, is expected to bring a significant drop in the household basket of goods price, ANA reports.

The basic consumer goods for which the VAT rate is to be reduced from 24 percent to 13 percent are the following: Coffee, cocoa, tea, chamomile, sugar, salt, vinegar, spices, sausages, jams, chocolates, wafers, croissants, nuts, cans, snacks, cereals, sunflower oil, soybean oil, corn oil and vegetable fats.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

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