From July 1, an increase in the price of coffee is expected in Greece

From July 1, the price of coffee in catering establishments in Greece will increase, the industry has warned. The increased VAT on catering establishments will be passed on entirely to consumers. According to the Ministry of Economy and Finance, the re-introduction of increased VAT on drinks served in cafeterias (coffee, tea, cocoa) will lead to savings of €43 million per year, which will partially offset the fiscal costs of extending the reduced VAT on delivery and drinks for home, which are estimated at 65 million euros per year. The public catering sector responded with a letter to the Minister of Economy and Finance, Kostis Hadzidakis, requesting a horizontal withholding of VAT of 13% on coffee and soft drinks. "It is extremely difficult for us to understand the logic behind this increase when coffee has already been subject to excise duty since 2017," noted a letter from the restauranteurs' federation. In their opinion, "the increased VAT from catering establishments ...