The Department of Taxation issued detailed clarifications regarding the basic items included in the zero VAT rate on Wednesday, following the relevant decision of the Council of Ministers on Tuesday.
In particular, the announcement states that the term "bread" includes all types of bread, fresh or frozen with or without leaven (e.g. white, black, wholemeal, multigrain, rustic, rye, cornbread, baguette, ciapatta, bread in slices, breadcrumbs, pittas).
However, pastries, dried and any bread with additional ingredients such as e.g. raisins, nuts, aromatics.
Fresh milk (e.g. cow, goat, sheep), sweetened, condensed, long-life, flavored milk (e.g. chocolate, banana) and plant-based milk (e.g. . almond, soy, rice).
In the decision of the Council of Ministers, eggs are also included in the basic items with a zero VAT rate, as well as baby food, for which it is clarified that it includes all that is in powder, dry or even liquid form, which are intended for consumption by children. Snacks (eg chips, nuts, candies, chocolates, ice creams) are not included.
In addition, baby diapers and adult diapers are included, as well as feminine hygiene products, namely tampons, sanitary napkins and incontinence pads.
The Tax Department also clarifies that based on the VAT By law, companies are obliged to carry out a stock count of the goods in question.
He also notes that these measures are of a temporary nature and will be valid from the date of publication of the Decree in the Official Gazette of the Republic, until October 31, 2023.
Source: KYPE