North Aegean director of VAT rate change in five islands

Prime Minister Alexis Tsipras notified North Aegean Regional Director Christiana Kalogirou that an earlier decision to raise VAT at Aegean islands will be suspended for those islands that bear the brunt of migration flows.

The decision was made during the EU summit meetings in Brussels.

The islands in question are Chios, Kos, Leros, Lesvos and Samos.

According to the PM’s office, Tsipras also notified Kalogirou that the available funds for the above islands will be doubled as part of the EU’s upcoming multi-year fiscal framework plan.

In a statement following her conversation with Tsipras, Kalogirou said the funding will total 660 million euros for the North Aegean Operational Program covering the years 2021-2027.

“The funds will increase to 660 million euros from the current 325 million euros, for 2014-2020,” Kalogirou said.