ATM card

Varoufakis gam(bl)ing with VAT changes

Finance Minister Yanis Varoufakis confirmed a report by Proto Thema on April 20 stating that people will be offered incentives for cash card purchases.

VAT contributions worth 6.5%, 9.5%, 15% and 18% with the average tax rate beneath 15% even if there is a change to the 30% discount on islands with the possibility of VAT on food item charges changing from 13% to 6.5% and 9.5%.

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