Reduction in charter VAT rates law being amended

REDUCTION in VAT due to COVID 19

It appears that Greece has WITHDRAWN (08/05/2020) the increase in VAT which was put in place for 2020 on all charters, after pressure from the shipping industry and the situation with regard to COVID 19.

For 2020 the former 50% VAT reduction has been put back in place. We will be contacting those affected in due course.

  1. a) The VAT inclusive prices on our website reflect the new VAT rate and will be applicable to all future bookings.
  2. b) Previously booked holidays will be reconfirmed reflecting the new VAT rates as our terms and conditions clause 21 below. (New statements of account will be issued shortly).
  3. c) If there are any further revisions or relaxations with regard to this new ruling we will advise accordingly.

SAIL IONIANĀ  15/05/2020

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