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Coronavirus Aegean islands : Commercial Club Rhodes : Reset reduced VAT rates in the islands

In the hope that after a major crisis like the pandemic of coronavirus that has struck mercilessly business and commercial world of the South Aegean islands and the world economy, followed by a recovery period, all expecting market support measures, business and society…….

The Deputy Head Mr.. John February met with the President of the Commercial Association Mr. Rhodes. Nick Boni to the consultation and the proposals of the bodies on the situation created by restrictions on Covid-19 and conveyed the support of the Regional Authority in the sorely tried by the measures necessary commercial world.

The main issue raised at the meeting is that of claim for restoration of reduced VAT rates in the islands of the South Aegean Region. The abolition of the previous Government overall hurt local businesses, tourism and residents of our islands without offering anything substantial to the national economy, which ultimately harms the long term due to reduced competitiveness.

This problem is so common position of the Regional Authority and the Commercial Association originally set They reacted loudly and even the Region Mr.. George Hadjimarkos the publicly and repeatedly raised even before the former Prime. The current Government, said Mr.. Bonis, It has the opportunity as soon as circumstances permit and overcome the crisis and prohibitive measures to find a way to restore the legitimate desire of our islands and must not miss this opportunity. We should not forget, said Mr.. Bonis, that the economic miracle of Rhodes and the other islands and the boost in tourism began and the impact that had reduced rates of VAT.

The President of the Commercial Association conveyed to Mr.. February the constant demand of the commercial world in combating illegal trade since the exercise of commercial activities is painful and extremely costly for traders and businessmen should not accept unfair competition from parasitic activities.

He also reported that the Government end it is appropriate to make, especially on islands there are many commercial activities of any kind, especially during the tourist season, to limit all forms itinerant trade licenses and their adoption by the competent bodies should include strict criteria and especially not to affect similar permanent commercial activities. Where there are commercial enterprises can be no licensing of competitive activities of this type.

Mr.. Bonis thanked. February for the meeting and said that there is good faith and constructive cooperation of the Commercial Association of the Region, the Regional Director and Trade. The Commercial Association strongly supports the restoration of reduced rates of VAT and the law sets this request to the Government.

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