Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure GR-2020-12/677 – Updated – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 20 March 2020 – 31 December 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Elena Kousta (INE GSEE) and Eurofound|
|Measure added||16 April 2020 (updated 28 September 2021)|
In the view of the spread of COVID-19 in Greece, the government intervened to sustain the business dealing with essential commodities to contrast the pandemic and, at a later stage, to sustain those enterprises most endangered by the economic crisis, providing VAT reductions.
The measures has been taken in two waves:
By virtue of the Legislative Act 20 March 2020 "Urgent measures to address the consequences of the spread of COVID-19, to support the society and entrepreneurship, and to safeguard the smooth operation of the market and public administration" and of the Circular No. 2038/2020, VAT is reduced from 24% to 6%, as of 20 March 2020, for products needed to protect against COVID-19 and to prevent its transmission. This is a general - horizontal measure, till the end of 2020, and it concerns masks, gloves, antiseptic solutions, wipes, soap, and ethyl alcohol, if used as a raw material by the industry for the production of antiseptics.
The exact tariff headings are set out in Αrticle 1 of LA of 20 March 2020. In addition, Article 11 of Law No. 4690 of 30 May 2020 and the Ε.2080/2020 provide, till the end of October, VAT reduction from 24% to 13% for passenger transport, coffee and non-alcoholic drinks and the provision of services in cafes, restaurants, pastry shops etc. and to 6% for movie tickets.
The following updates to this measure have been made after it came into effect.
|26 March 2021||
The measure is still in place. The government with new regulations (law 4787/26 March 2021, article 10) expanded the use of measure until 31 December 2021.
No specific information yet available.
|Does not apply to workers||
Sector specific set of companies
||Does not apply to citizens|
No special funding required
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
The social partners were not involved in the designing of this measure.
No available answer.
This case is sector-specific
|Economic area||Sector (NACE level 2)|
|C - Manufacturing||C21 Manufacture of basic pharmaceutical products and pharmaceutical preparations|
|I - Accommodation And Food Service Activities||I56 Food and beverage service activities|
|R - Arts, Entertainment And Recreation||R90 Creative, arts and entertainment activities|
This case is not occupation-specific.
Eurofound (2020), VAT reduction from 24% to 6% for products needed to protect against COVID-19, measure GR-2020-12/677 (measures in Greece), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/GR-2020-12_677.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.