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A closer look at Greece's revised proposals to lenders
EconomyProgrammeinclude: 1) Increase in the corporate income tax rate by 3 percentage points to 29 percent from 26... VAT rate from 6.5 to 6 percent and a reshuffling of products and services in the other two VAT rates of 13 and 23 percent. The new low VAT rate of 6 percent will cover only medicine, books and theatre
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How big is the gap separating Greece and the institutions?
EconomyProgramme, the institutions stress that “unprocessed” food would be included in the reduced rate of 13 percent instead..., cheese and oil would be transferred to the higher rate of 23 percent meaning a 10 percent rise in their current price. Another thorny issue is the VAT rate on food service. The institutions propose
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Newsletter 32 - 26/06/2015
rates. Both sides agree that the super-reduced rate be applied to pharmaceuticals, books and theatre only. However, for the reduced rate of 13 percent the two sides agree only on energy. The institutions propose this rate be applied to basic foodstuffs and water (excluding sewage), while Greece
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economyshowed that VTTL grew by 1.2 percent in 2013, while collected VAT increased by a lower rate of 1.1.... The comparison of VAT revenues to GDP shows the Greek rate is in line with the EU average and above... as the ratio between the VTTL and an “ideal” VAT revenue estimated by applying the standard VAT rate
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Newsletter 49 - 30/10/2015
, but a 6-percent VAT rate would apply in private tuition schools, music and 13 percent in non-state schools. However, the commission rejected this proposal, calling for either a zero rate or the standard 23 percent VAT rate. Citing official sources, media reports claim that the government has looked
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15 working years and a higher rate for those with more than 25 years, with the end-rate seen at 2.2... contributions for supplementary pensions, but at a lower rate of up to 1 percentage point (pp) vis
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Greece tops EU tables for lawyers but also pending administrative court cases
Society, from 4 in 2011. By 2014, the most recent year covered by the release, the rate had fallen to 2.2.... on average in 2012. Only Portugal (860) and Malta (707) took longer. Greece also had the lowest rate (65...) to resolve. Notably, Greece’s rate of resolving litigious civil and commercial cases ranged from 58
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Newsletter 72 - 06/05/2016
percent) and changes in the standard VAT rate (0.25 percent) as well as from adjustments in the public... points (bps) to 3.93 percent, while the respective rate with a fixed maturity decreased by 80 bps... changes. Overall, the average rate on new loans fell to a new low of 4.65 percent. At the same time
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Newsletter 78 - 17/06/2016
rate edged up for the second straight quarter to 24.9 percent in the first three months of the year... tricky issues such as labour legislation, is due to begin. Unemployment rate up The non-seasonally-adjusted unemployment rate rose for the second successive quarter to 24.9 percent in Q1 2016, up from
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Newsletter 86 - 26/08/2016
a new ten-year bank loan of 360 million at an interest rate of Euribor plus 150 basis points... rate since Q1 2010. The breakdown shows that the prices of new apartments (up to 5 years old... and the increase in the unemployment rate to over 27 percent at one point have been widely and repeatedly
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