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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammerate for incomes that are below the current tax-free threshold and thus ease the burden not only... 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
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Newsletter 110 - 10/03/2017
) of 2016, after an upward revised growth rate of 2.9 percent in Q3, according to figures published... recorded in Q3. Overall, nominal GDP edged up 0.1 percent in 2016. Unemployment rate remains stable..., the unemployment rate has decreased 1 percentage point (pp), which is attributed to a modest rise
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammeproposed 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
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New overdue taxes rise by 1.6 bln in Jan, total stock at 93.4 bln
EconomyMacroeconomyrate 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
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Greek PMI rises to 49.6 in May as uncertainty continues to impact
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
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Greek demographic ratios among the worst in Europe
Societyof 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
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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
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Newsletter 131 -15/09/2017
, 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
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New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
EconomyMacroeconomypercent 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
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Greek population among highest for poverty risk, Eurostat survey shows
Societyin 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
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