Increases in VAT are condemning the competitiveness... | KPMG | GR

Increases in VAT are condemning the competitiveness of Greek tourism

Increases in VAT are condemning the competitiveness...

After a period of recession, in 2014 Greek tourism showed significant recovery, with increases in both arrivals and turnover, along with positive messages for 2015. However, following recent increases in VAT rates and the gradual abolition of reduced rates on certain islands of the Aegean, entrepreneurs and industry operators are shown to be worried both for today and for tomorrow.

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Increases in VAT are condemning the competitiveness of Greek tourism

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