Sentence examples for special vat from inspiring English sources
A Syriza spokesman this week acknowledged that scrapping the special VAT rate would have a repercussion on island residents.
Some of those furthest from the mainland have long depended on a special VAT rate 30% lower than elsewhere, which offsets the high cost of having to ship basic everyday goods long distances.
On Tuesday he went a step further, describing IMF staff as "irrational technocrats" and saying that far-flung isles close to Turkey that had borne the brunt of the refugee crisis would henceforth be exempt from a special VAT tax also demanded by creditors.
They insist that any deal must include a debt writedown and that special VAT exemptions that apply to some Greek islands must remain in place.
Among the new plan's concessions: an increase in the value-added tax from 13%to23%3%; abolishment of special VAT discounts for the tourism-dependent islands in the Aegean Sea; a phased-in increase in the retirement age to 67; immediate incentives to discourage early retirement; a phase-out of preferential tax treatment for farmers; and an increase in the corporate tax rate from 26%to28%8%.
2.49pm BST Michael Noonan wins approving noises by announcing he will extend the 9% special relief VAT rate for the hospitality sector -- the subject of a campaign.
In January's Greek election, the radical left party Syriza topped the poll in Rhodes, where islanders believed the special lower VAT rate was protected.
Pappou Ioannis, president of the Chamber of Commerce and Industry of the Dodecanese, tells the Guardian that the special lower VAT rate in the Aegean islands is "not a privilege but a necessity".
To the surprise of locals, one of the government's proposals to its creditors is to get rid of the special lower VAT rate that applies to a number of Greece's far-flung islands – not just the famous tourist destinations of Mykonos and Santorini, but scores of little-known smaller islands with ageing and depleting populations.
The VAT, with special rates for food and medical needs, would apply to imports but not to exports.
Using cell culture, a flu virus is made to infect a cell line able to replicate itself over and over in large fermenting vats filled with special growth nutrients.
