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EC study: VAT gap in Greece at 34 pct, more than double the EU average
EconomyThe European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013. The VAT gap is defined as the difference between the amount of VAT that is actually collected and the estimated VAT amount
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammeincluded a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while.... Although VAT rates remained broadly stable, the key changes relate to reshuffling of products and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
EconomyThe European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014. The VAT gap is a measure of VAT compliance and it is defined as the difference between the amount of the collected VAT revenues
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomycontrols 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
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Lack of vaccines led to panic in B&H, yet now they are going to waste
Agorathat all vaccines are tested and safe, so there is no reason to pick or choose from them, yet... is not prone to "jump the gun" for vaccines because he did not want the citizens to be "lab rats
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeGreece 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
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Retail turnover rises by 4.4 pct and volume by 4.7 pct in October
EconomyMacroeconomyGreece’s retail sales index increased by 4.4 percent in October following a revised drop of 4.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The latest month... percent), supermarkets (+9.5 percent) and clothing and footwear (+4.4 percent). A decline of 19.4 percent
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Is VAT all you've got?
Agorathe 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
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeraised 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
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Newsletter 214 -12/07/2019
held the portfolio in opposition, Staikouras, 45, was the safe choice for finance minister... of the VAT rate so that all food products and everything served in the catering sector have a 13 percent... of the total, passenger car sales rose by 4.4 percent with the absolute figure standing at 19,028
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