VAT Calculator Greece [ Standard rate of Vat in Greece is 24% ]
At present vat calculator greece, the standard rate of Value-Added Tax (VAT) in Greece is 24%. A tiered taxation system is followed by Greece that is based on the principle of Progression in Taxation. At the lowest rate of just 6%, Greece applied VAT on some products and services, for instance, periodicals, tickets to cultural events, newspapers, and some services sectors. Based on the direct and indirect systems, sales tax is collected from the people of Greece.
Vat Calculator Greece
Different Rates of VAT in Greece :
4 Different rates of VAT are currently applicable in Greece.
The standard rate of 24%:
This is applied to all goods and services that are taxable.
The reduced rate of 13%:
This is applied to some goods and services, for instance:
- Certain Food items
- Some beverages provided that is non-alcoholic
- Water Supplies
- Certain pharmaceutical products
- Certain Agricultural Supplies
- Domestic Care Services
- Hotel Accommodation
- Some social services.
The reduced rate of 6%:
This is applied to some products and services, for example:
- Certain pharmaceutical products
- A certain books, except e-books
- Newspaper
- Periodicals
- Concert Admissions
- Theatre Admissions
- Electricity Supply
- Gas Supply
- District Heating Supply
Zero-Rated VAT:
Zero-rated VAT is applied to some services, for instance:
- Intra-community transport
- International air transport
- International sea transport
- Transactions of Exports
Goods and Services Exempted from VAT in Greece:
While Greece indeed has an extremely high VAT rate, there are some Products and Services that are either exempted from VAT, for instance, the provision of social services or cultural services such as medical services, insurance services, or educational services.
Furthermore, people who earn less than € 10,000 from the supply of services or goods are exempted from Value-Added-Tax (VAT). However, for taxable people that are not established in the territory of Greek, this exemption doesn’t apply.
You can also see vat calculator Finland.
FAQs:
Q: What is the VAT in Greece?
VAT is charged at the standard rate of 24% in Greece. However, there are two reduced rates of 13% and 6% in addition to zero-rated VAT. Furthermore, there are also some goods and services that are exempted from VAT.
Q: How much is a VAT refund in Greece?
The refund Rate in Greece ranges from 8.7% to 16.7%. Of the amount of purchase provided that there is a minimum purchase of 25 EUR per receipt. To be eligible for a refund, you must be either older than 18, have a long-term visa, or have permanent residence in a non-EU state. Additionally, for large purchases, Greece has one of the highest rates of refunds at 16.7%.
Q: Is there a sales tax in Greece?
The sales tax current rate in Greece is 24%. Greece applies Value-Added-Tax (VAT), a sales tax, to purchase goods and services. The merchant collects it, and it is then submitted to the Revenue Department of the Government of Greece.
Q: How much is Greek property tax?
In Greece, Property Taxation averages 8.1% of the revenue of tax that the country makes.
Q: Does Greece have high taxes?
Yes, Greece has some of Europe’s highest taxes across many of the categories; for instance, it has a 29% tax rate on corporate income, a 15% tax rate on dividends, and a standard rate of 24% value-added tax. A 45% income tax is paid by individuals and a 10% of solidarity levy.
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