In Greece, there are three rates of value added tax. The standard interest rate is set at 24%. The lower rate is set at 13.5%. The super-reduced rate is set at 6%.
The standard rate applies to the following categories and to the following goods and services:
foodstuffs, water supplies, pharmaceutical products, medical equipment for disabled persons, children's car seats, books, newspapers, periodicals, admission to amusement parks, admission to cultural services (except theatre and concert tickets), admission to sporting events, cable TV, writers, composers etc., social housing, renovation and repairing of private dwellings, window cleaning and cleaning in private households, agricultural inputs, restaurant and catering services, use of sporting facilities, supplies by undertakers and cremation services, medical and dental care, bicycles, shoes and leather goods, clothing and household linen, alcohol beverages, lemonades and fruit juices, clothing, footwear, tobacco, computers, smartphones, E-books, household electrical appliances, furniture, jewels, telecommunication services, energy products (firewood and timber for industrial use), petroleum products (unleaded petrol, diesel fuel, LPG, heating oil, lubricants), motor vehicles, domestic passenger transport (air, sea, inland waterway, rail and road), international passenger transport (inland waterway, rail, road), bars and cafes, immovable property, treatment of waste and waste water, services supplied by lawyers, art, and collector's items and antiques.
The reduced rate applies to the following categories and to the following goods and services:
foodstuffs, water supplies, pharmaceutical products, medical equipment for disabled persons, agricultural inputs, hotel accommodation, social services, domestic care services, mineral water, energy products (natural gas, electricity, district heating), and hotels.
The super reduced rate applies to the following categories:
pharmaceutical products, newspapers, and admissions to cultural services (theatre and concert tickets).
VAT returns are filed quarterly or monthly, depending on whether the VAT payer keeps single or double-entry books. Those taxable individuals whose yearly turnover (minus VAT) from the provision of goods or/and services is less than €10,000 are exempt from VAT. Such individuals may elect to be exempt from VAT. The exemption does not apply to taxable persons who are not based on Greek territory.