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  1. Lenders' reaction to pension pledge leaves Tsipras short of options
    Photo by Panyiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    million euros from Greece’s excess surplus to pensioners and to freeze the rise in VAT... in the week, his pledges on pensions and VAT appeared to be moves designed to give himself better political

    3%

  2. Athens settles pension handout row, looks for review progress
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and the extension until the end of 2017 of the discounted VAT rate on certain islands. On Christmas Day.... Moreover, the cost of the suspension of the increased VAT rate on Aegean islands, estimated at 50

    3%

  3. December retail sales seen down 2.5 pct amid tax onrush
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    as well as payment of VAT and tax on salaried work. “The constant and unexpected demands made... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions

    3%

  4. Decisive week for Greek programme begins with proposal from Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and increase in the medium VAT rate. The tax-free threshold currently ranges between 8,636 euros for a single person up to 9,545 euros for a family with at least three children, while the medium VAT rate

    3%

  5. Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the target mostly due to VAT and consumption taxes’ overperformance of 303 and 198 million respectively. Specifically, VAT revenues rose by 10.1 percent to 15.01 billion, while consumption taxes increased

    3%

  6. Tsipras faces heavy lifting to finalise deal and get party approval
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    September), cutting VAT on electricity bills from 13 to 6 percent, reducing VAT on basic food products

    3%

  7. Athens grapples with awkward reduction of tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate... by 35 percent, lower taxes for self-employed and switch in the VAT rate for food services and catering

    3%

  8. Institutions back in Athens to resume review, agree new measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    percent, cuts in individual and corporate tax rates and lowering in VAT rates for food services (from 24... rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate

    3%

  9. Greece and creditors dive into details of measures and counter-measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    incomes and in contributions as well as lowering the VAT rate for certain products and services...-of-court workout that have to be resolved include the write-off of overdue VAT and withheld taxes from

    3%

  10. New overdue taxes rise by 1.6 bln in Jan, total stock at 93.4 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , of which two thirds were created by three key taxes: VAT, corporate income tax and single property tax (ENFIA). The biggest revenue gap of 215.1 million euros was created by VAT, whose collectability

    3%