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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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Newsletter 436 - 11/10/2024
revenues, and notably VAT. VAT intakes in 2023 were 23.45 billion euros and are seen closing at 25.25... of registered transactions, as well as higher VAT revenues. The measure was rolled out before the summer so... holds, it is beyond dispute that VAT and other indirect taxes have greatly benefited from persistent
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Draft budget maps out narrow fiscal path for coming years
EconomyMacroeconomy, and notably VAT. VAT intakes in 2023 were 23.45 billion euros and are seen closing at 25.25 billion... transactions, as well as higher VAT revenues. The measure was rolled out before the summer so..., it is beyond dispute that VAT and other indirect taxes have greatly benefited from persistent
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politics50,000 euros. No VAT change? However, the local media appears to be in agreement that one of the measures which is unlikely to be considered is reducing the VAT rate. Elevated VAT revenues, boosted... indirect taxes, including VAT. The conservatives argue that regardless of whether such cuts helped
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Government budgeting on a late RRF sprint
EconomyMacroeconomyon indirect taxation, specifically VAT. This year will see strong budget revenues, with total taxes... taxation at 55 pct of total taxes and income taxes at roughly 37 pct. VAT has a prominent role... are seen coming to 15.88 billion euros. Corporate taxation is seen at 7.8 billion euros. VAT is due
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Tsipras's proposals to lenders come under SYRIZA scrutiny
PoliticsGreek Politicsis thought to have backed down over his objection to the reduced VAT rate on islands being phased out... on Sunday to prepare for the consequences of a potential Greek exit from the euro.
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