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  1. With tax-free threshold set for change, income declarations underline need for rethink
    Photo by Lazaros Koutsoukos/Fosphotos

    EconomyProgramme

    proposed a significantly smaller tax rate for low incomes (the lower tax rate currently stands at 22... create enough fiscal space for the reduction of the corporate income tax rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 pp

    5%

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

    EconomyMacroeconomy

    rate stood at 83.2 percent in January. Corporate income tax also recorded a high collectability rate... stood at 160.1 million, while its collectability rate reached 74.5 percent. Meanwhile, the number... for the whole 2016. The revenue collection rate from tax audits on large corporates stood at 78.8

    5%

  3. Greek PMI rises to 49.6 in May as uncertainty continues to impact
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    . The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive... during May on the back of ongoing falls in client demand. However, the rate of decline was the second... business received, firms cut their purchasing activity for the fifth consecutive month. The rate

    5%

  4. Greek demographic ratios among the worst in Europe
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    of Europe. Specifically, a fertility rate of 2.1 children per woman is necessary to sustain the population... with a fertility rate of 1.96. Portugal, Spain, Italy, Cyprus and Greece currently have the lowest fertility rates.... As the result of an extremely low fertility rate and aging population, the country is projected to have

    5%

  5. Sharp rise of 2.01 bln in July for unpaid taxes

    EconomyMacroeconomy

    . Around 15 percent of this amount relates to VAT, the collectability rate of which deteriorated to 86.2... half of the year. Income tax due stood at 1.14 billion euros with a collectability rate of 69.3... were paid, representing a collectability rate of 89.5 percent. The rate for the single property tax

    5%

  6. Newsletter 131 -15/09/2017

    Newsletters

    , the collectability rate of which deteriorated to 86.2 percent from 91.3 percent in the previous month...) data showed. The headline rate means that building permit activity remained positive for a second... turnover in tourism up 7.3 pct Latest quarter’s figure is the highest rate of growth since Q2 2015

    5%

  7. Newsletter 134

    Newsletters

    means that the jobless rate now stands at its lowest level since November 2011. The overall labour... and stood at 26.1 percent. The unemployment rate in the 55-64 years old group recorded the smallest reduction of 0.3 pp to 18.1 percent. The regional breakdown revealed that the highest unemployment rate

    5%

  8. New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent of this amount relates to VAT, the collectability rate of which worsened to 84.7 percent from 86.2... rate of 61.1 percent (9 million paid). Corporate income tax due came to 644.5 million euros of which 573.1 million were paid, representing a collectability rate of 88.9 percent. The rate

    5%

  9. Greek population among highest for poverty risk, Eurostat survey shows
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    in the at-risk-of-poverty rate with a rise of 7.5 percentage points (28.1 percent in 2008 to 35.6 percent... rate in the EU, with the average for 2016 coming to 17.2 percent. The rate of severe material... percent in 2016, while the EU average came to 10.4 percent. Greece also had the highest rate

    5%

  10. November PMI at 52.2 as new business growth hits 45-month high, hirings reach 18-year peak
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    this increasing demand, Greek manufacturing firms hired new staff at the greatest rate for the last 18 years. This, in turn, led to a rise in output. New orders rose by the highest rate since February 2014... reason for fastest rate of adding workers in the survey’s 18.5 year history. Higher demand and enhanced

    5%