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  1. Greece's taxing challenges

    Agora

    , respectively, the collection rate for personal income tax only stood at 63.8 percent in 2015..., the corporation tax rate was hiked from 26 percent to 29 percent last year. According to the OECD, Greece was the only country in the EU that raised the tax rate on corporations in 2015. The corporate

    6%

  2. Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for Q3 is also better than the 1.5 percent growth rate reported in flash estimates. In addition, GDP... components showed household consumption resumed a positive growth rate of 0.3 percent QoQ in Q3.... Investments Gross fixed capital formation posted a positive growth rate QoQ for the second straight

    6%

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

    EconomyProgramme

    rate 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

    6%

  4. Newsletter 110 - 10/03/2017

    Newsletters

    ) 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

    6%

  5. 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

    6%

  6. 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

    6%

  7. 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

    6%

  8. 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

    6%

  9. 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

    6%

  10. 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

    6%