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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammefor combating fuel smuggling and VAT carousel fraud. 3) Issue a ministerial decree for the application... of an independent task force to identify options and prepare recommendations on the operational goals
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Newsletter 54 - 04/12/2015
of the expected proceeds would stem from the VAT streamlining measure that was voted as a prior action in July... the coalition’s crumbling majority means that New Democracy has to prepare itself
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeimportant revenue sources relate to an increase in the basic VAT rate from 23 to 24 percent... year, the finance minister will have to prepare a report that ascertains if there is any deviation
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Remaining fiscal space could be squeezed for more cost-of-living measures as tension grows
PoliticsGreek Politics, the Finance Ministry is considering another fuel subsidy or reducing the VAT rate on bread... to prepare her defence.
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Newsletter 390 - 21/07/2023
billion euros in income tax and VAT intakes. The focus has been on the self-employed, with the media... to 18.4 million euros last year – for them to prepare for wildfires, with the focus being on clearing land
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Accommodation and food services index up 7.6 pct in Q3
EconomyMacroeconomy, the recent government proposal to double the hotel VAT rate to 13 percent, aligning... that the hike in the VAT rate has a direct positive impact on VAT revenues by at least 350 million euros... from doubling the VAT rate would lead to 2.6 million fewer tourist arrivals next year, with travel
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammebreakdown showed the underperformance mainly stemmed from lower income tax and VAT revenues by 479 and 321... categories relate to the extension by one month of the deadline for VAT payment granted by the previous... on this revenue source in February. However, VAT revenues could increase in February. In spite
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economyprovided in the press report. Revenues from tax offices, including VAT and single property tax (ENFIA) revenues, are higher from last year but lower than target. In January VAT revenues reached 1.33... to the one-month extension provided to taxpayers to pay their obligations. VAT revenues
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The key points from lenders' proposals to Greece
EconomyProgrammecorresponding to 3 billion euros for 2015. The first key measure involves reforming VAT with the introduction of two VAT rates at 11 and 23 percent replacing the currently applied 6.5, 13 and 23... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis
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Newsletter 29 - 05/06/2015
this year. Those measures mainly involve introducing a new VAT rate of 11 percent for to include... a cut in both supplementary and primary pensions. new VAT rates should produce additional revenues of 1... anticipated at that time. Those measures mainly involved increasing the hotel VAT rate from 6.5
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