Greek 'migrant' islands get generous tax benefit

tax incentives

Greek Government spokesperson Aristotelia Peloni announced that the five Greek islands hosting migrant reception centre with receive a VAT ( GST) Value Added Tax reduction of 30% as part of an EU initiative.

According to Peloni the Eurogroup agreed to the Greek government’s  proposal for a permanent 30% reduction of VAT on the islands of Chios, Leros, Samos, Kos and Lesvos for as long as there are reception centres for migrants and refugees on these islands.

Referring to the course of the pandemic in Greece, she said the situation was steadily improving and this allowed new steps toward greater freedom in economic and social life.

Peloni made the announcement in the context of Greek Recovery and Resilience Plan 'Greece 2.0' during a press briefing saying that Greece is one of the countries benefiting from the distribution of funds from the EU's Recovery and Resilience Facility (RRF), as it is entitled to about 31 billion euros in subsidies and loans.

"In fact, it is estimated that the resources from the RRF, the NSRF and private investments will reach 100 billion euros. Thus, over a space of seven years, this will generate an additional 200,000 new jobs in our country and additional 7 pct in national growth," she said.

READ: Overcrowding in Greece's migrant camps eases - Greek City Times