The Greek government is preparing to lower VAT rates for cafes and eateries, Reuters reported on Tuesday, part of an overall effort to jump-start and salvage the current coronavirus-blighted summer season.
One possible reduction is for the highest rate to fall from 24 to 13 percent, the news agency said, quoting a top government official who requested anonymity.
Another source said Greek PM Kyriakos Mitsotakis will be the one to announce the stimulus measures, expected during a nationally televised address. One such appearance is set for Wednesday.
According to reports by “N”, the government’s economic team is also eyeing legislation to reduce corporate and self-employed professionals’ tax rates , given the ongoing devastation in the economy wrought by the Covid-19 “lockdown”.
