01VAT rates in Greece
The standard rate is 24% and applies to most goods and services. The reduced rate of 13% covers the goods and services in Annex III of the Greek VAT Code, such as basic food, catering, hotels and transport. The super-reduced rate of 6% covers, among others, medicines, books, electricity, natural gas and cinema tickets.
Which rate applies to a product or service is set by the VAT Code. If you are not sure, ask your accountant.
02Reduced VAT on the islands
On certain islands the rates are cut by 30% to 17%, 9% and 4% (or 3%, depending on the case). The reduction applies on Leros, Lesvos, Kos, Samos and Chios and, from 1 January 2026, on the islands of the North Aegean, Samothrace (Evros regional unit) and the Dodecanese with up to 20,000 inhabitants.
It does not apply to tobacco products or means of transport. Source: Greek Ministry of National Economy and Finance, VAT tax guide.
03The formula, with an example
- VAT from net: net × rate. 250 € × 24% = 60 €.
- Gross from net: net × (1 + rate). 250 € × 1.24 = 310 €.
- Net from gross: gross ÷ (1 + rate). 310 € ÷ 1.24 = 250 €.
- VAT from gross: gross − net. 310 € − 250 € = 60 €.
The calculator rounds the net and gross amounts to the cent and takes the VAT as the difference, as on an invoice, so the three amounts always add up.