The 2018 budget surplus from Greece was better than expected, 4.4% of their GDP (0.3% above projections)1, which would allow the government to announce some relief measures for 2019.

The surplus would mean around 1 billion euros who will be used to benefit pensioners and to reduce VAT rates on certain products to 13% (currently on 24%) 2.

We will post any upcoming development regarding VAT rates in Greece to be sure you are up-to-date with the latest VAT news.