Raids by tax inspectors on islands and other tourist destinations had helped bump up VAT revenues in 2016, according to the head of Alternate Finance Minister Tryfon Alexiadis’ office, Panagiotis Melachrinos, in statements to the radio station ‘Sto Kokkino’ on Wednesday. This was particularly clear in the more popular tourist destinations, such as Santorini and Mykonos, he said.
“In Santorini, during the first seven months, there has been an increase in relation to the budget by 82 pct for VAT revenues and in the Mykonos tax office by 45 pct,” Melachrinos reported.
By contrast, he pointed out, revenues from VAT in the first seven months of 2014 came to just 5.2 million euros in Santorini, whereas this number had now almost doubled to reach 10 million euros. In Mykonos, the increase relative to 2014 was nearly 60 pct.
Collection of VAT, compared with the first seven months of VAT, had been above budget targets throughout the country, reaching nearly 8 pct, he added, disproving the main opposition’s claims that budget targets were not being met.
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