Adding & Reversing VAT: How is it calculated?
Value Added Tax (VAT, or FPA in Greek) is the main indirect tax in Greece. For businesses and freelancers, these calculations are daily:
- Reverse VAT (Finding Net Value): When you have the final gross price and need the original net price. Divide the gross by 1 + rate (e.g. Gross ÷ 1.24 = Net).
- Adding VAT (Finding Gross Value): When issuing an invoice and adding tax. Multiply the net value by 1 + rate (e.g. Net × 1.24 = Gross).
VAT Categories and Rates (With Examples)
Greece has 3 VAT tiers depending on the good or service:
| Rate | Category | Examples |
|---|---|---|
| 24% | Standard | Electronics, clothing, telecom, legal/accounting services, cars. |
| 13% | Reduced | Basic food (bread, milk), electricity, takeaway food/coffee, agricultural supplies. |
| 6% | Super-reduced | Medicines, medical supplies, books, theater/concert tickets. |
The new reduced Island VAT rates (-30%)
As of January 1, 2026, the reduced VAT regime has been expanded to over 24 islands in the Aegean. In these areas, to support the local economy, rates are reduced by 30%.
Thus, the respective percentages become 17% (from 24%), 9% (from 13%) and 4% (from 6%). Our calculator includes a toggle to instantly calculate prices for these regions.