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Greece scraps 'stay-over tax from hotels after Thomas Cook collapse

Christian Fernsby |
Greek Finance Ministry said late Tuesday that it introduced a legislative act which exempts all Greek hotels which suffered losses from the sudden collapse of the international travel agency Thomas Cook from the payment of the so-called “stay-over tax.”

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Topics: GREECE    TAX    HOTEL THOMAS COOK   

In a statement, the Ministry said that this is the first intervention and “will take new initiatives” in cooperation with the Tourism Ministry once there will be a clearer picture of the consequences from the Thomas Cook collapse.

Officials estimate that the impact on the Greek tourism industry from the Thomas Cook bankruptcy could reach up to 500 million euros.


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