Government to cut TV ad tax to 5 pct from 20 pct as of April 2018

A special levy on TV advertisements will be lowered to five percent from 20 percent today as of April 1, 2018, based on an amendment tabled by Digital Policy Minister Nikos Pappas on Friday.

The amendment concerns advertisements played on television channels that will be licensed by the Greek National Council for Radio and Television (NCRTV) through the TV license tender