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Newsletter 43 - 18/09/2015
to the imposition of a 23 percent VAT rate on tuition fees at private schools and tuition centres, a measure voted in the Greek Parliament on August 13 to counterbalance the lowering of the VAT rate on beef. According to the General Accounting Office, this particular VAT revenue is anticipated to raise
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New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln
EconomyMacroeconomykey taxes, namely VAT, corporate income tax and single property tax (ENFIA). In specific, VAT... billion of monthly unpaid taxes. Four key taxes (VAT, personal and corporate income tax and ENFIA) created a revenue gap of 3.32 billion in the 10-month period, of which around 1.5 billion relates to VAT
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New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
EconomyMacroeconomyof overdue debt created in November stemmed from four key taxes: VAT, personal and corporate income tax... to a collectability rate of 67.3 percent, which is the lowest rate among the four key taxes in November. VAT... of 1.06 billion due. The VAT collectability rate stood at 82.4 million. The ENFIA revenue gap
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesto combat tax evasion and boost VAT revenues. Paying by card has historically been unpopular in Greece..., and the consequences in terms of bringing in more tax revenues, especially VAT, were clear. According... for, a sharp rise in VAT collections could be tied to this increase in card payments, the BoG noted
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Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
EconomyProgrammeVAT rate on the remaining five Aegean islands. He said that the eurozone bodies had been taken... following the recent European Council. Tsipras said at the time that the reduced VAT would be kept as long... by the fiscal implications of the lower VAT rate as the increase is only expected to yield 24
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Athens moves ahead with expansionary measures as it waits for lenders' response
EconomyProgrammeby Athens. The amendment for an immediate reduction in VAT from 24 to 13 percent on food products and food... and the VAT reductions 441 million euros), when the fiscal space is 1.14 billion euros. On top of that, Tsakalotos suggested on Tuesday morning that VAT on coffee and beverages sold at supermarkets would
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeof voter-friendly measures that included a bonus pension and lower VAT rates for a number of processed... would partially offset the lower revenues from the VAT reduction. European technocrats believe..., lowering the VAT will only raise Greece’s VAT gap which is already the second highest in the EU
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April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
EconomyMacroeconomysuch as the suspension of VAT payments and the assessed debts to the companies affected by the pandemic, as well as the provision of a 25 percent discount as an incentive if they paid their debts on time (VAT... against the target were noted in Other Taxes on Production (-529 million euros), VAT on other goods
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Newsletter 354 - 07/10/2022
, the Greek authorities resisted all calls to intervene in indirect taxation like VAT and excise taxes.... VAT is by far the biggest revenue contributor at 21.33 billion euros expected to have been... tourism, or even exceed it. This additional 20 pct from tourism only partly covers the VAT
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Party leaders dispute response to cost-of-living crisis
PoliticsGreek Politics. SYRIZA is also proposing to permanently cut VAT and other consumption taxes on fuel, basic goods... derailment and default. The premier insisted that measures such as reducing or scrapping VAT for certain..., the government has kept VAT on transport, coffee, non-alcoholic beverages, cinemas and tourism
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