The SYRIZA amendment, which is being considered today in the Greek Parliament, provides for the application of a significantly reduced ΦΠΑ up to 6% on food products from January 1 to December 31, 2023, with the possibility of extension.
Amendment made by SYRIZA – Progressive Alliance to the bill of the Ministry of Health. It also provides for a reduction in ΦΠΑ for all types of fuel – gas, diesel and gasoline – for the same period, to the minimum allowable limits. EUfor the period from the date of adoption of the law.
Deputies from SYRIZA-P.S. note that the reduction of ΦΠΑ on food products is extremely necessary, since inflation this year is estimated at 10%, food inflation in November amounted to 15%, and the rise in prices for the main categories of food products reached 20%.
SYRIZA explains that their proposed provision is expected to stimulate the market and increase citizens’ incomes by lowering final prices, which will provide a necessary and generous tax break for consumers, writes CNN Greece.