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  1. Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows

    EconomyMacroeconomy

    controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank..., the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates

    32%

  2. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst negative effects are only temporal. In contrast, SETE stressed that the higher cost for hotel services

    30%

  3. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    Greece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which... night, explaining for the first time in public what the new VAT system might look like. Greece has currently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel

    28%

  4. Is VAT all you've got?

    Agora

    the most of the skeptical troika finally giving in on a longstanding Greek demand for VAT in the food... that the troika had begun listening to Greece. Indeed, the VAT reduction represents something.... The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important

    25%

  5. Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean... consultation over the decision not to increase the VAT rate on the five islands in question at the end of June... the VAT rate on five islands,” said ESM managing director Klaus Regling after Thursday’s meetings

    25%

  6. Early rounds of talks with lenders focus on possible prior actions

    EconomyProgramme

    , in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling... including Sundays. 14) Restructuring of Athens public transport (OASA). 15) Change in the legislation

    22%

  7. These are the bailout deliverables expected from Greece in September

    EconomyProgramme

    will be treated as a single but serious procedural violation for VAT. 3) Sign the ministerial... the restructuring plan for the Athens Urban Transport Organization (OASA) that was agreed

    22%

  8. Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche

    EconomyProgramme

    , particularly for unpaid VAT above 100,000 euros and 150,000 euros for other taxes 9) Change in the legal... privatisation and restructuring of the Athens public transport organization (OASA). A second list of prior

    22%

  9. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    percent increase of value or number of card transactions resulted in an average increase of VAT... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt... and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card

    22%

  10. Tsipras tries to entice voters with VAT cuts and pension bonuses
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    products from the top rate of VAT at 24 percent to the lower one, at 13 percent. Similarly, the VAT..., VAT on energy bills will be reduced from 13 percent to 6 percent. Tsipras also said that 800 million... Democracy's thunder as the opposition party has made its plans to reduce taxes, including VAT

    21%