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  1. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    percent increase of value or number of card transactions resulted in an average increase of VAT... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt... and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card

    38%

  2. Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of lower than expected personal income tax by 190 million. On the indirect taxes front, both VAT... by 1.3 percent in period and VAT rebounded by 3.4 percent, while consumption taxes edged down by 0.7... the period, revenues tumbled by 61.2 percent to 742 million, 666 million below target

    37%

  3. Tsipras tries to entice voters with VAT cuts and pension bonuses
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    products from the top rate of VAT at 24 percent to the lower one, at 13 percent. Similarly, the VAT..., VAT on energy bills will be reduced from 13 percent to 6 percent. Tsipras also said that 800 million... Democracy's thunder as the opposition party has made its plans to reduce taxes, including VAT

    36%

  4. Mitsotakis dangles promise of further tax relief but opposition questions VAT revenue bonanza
    Photo via https://flic.kr/p/j1gHCm

    PoliticsGreek Politics

    evasion. According to the PM’s plan, the increase in tax revenues from improving VAT collection... target, while VAT delivered close to 690 million euros of overperformance and excise taxes just... capital gains and VAT on new builds. In addition, the government is said to be considering tweaks

    36%

  5. Newsletter 329 - 25/02/2022

    Newsletters

    in Spanish VAT, and questioning why the Greek government is not taking any further action beyond subsidising electricity and gas bills. However, the conservatives have a limited menu of options to choose... Athens to temporarily reduce VAT on some goods from 13 to 6 percent or to bring down the special

    36%

  6. CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
    Photo by MacroPolis

    EconomyMacroeconomy

    in the VAT rates applied as of July 20. This is because the price observations usually take place in the middle of each month. Thus, ELSTAT stresses that the implications from the VAT rate streamlining... on prices from the VAT reshuffling that will have an impact on the headline figure as of August.

    35%

  7. Greek deflation decelerates to 1.5 pct due to VAT rate hikes
    Photo by MacroPolis

    EconomyMacroeconomy

    in August is primarily attributed to the increase in the VAT rates applied as of July 20. ELSTAT had noted... the implications from the VAT rate streamlining will be included in the August CPI, except some.... On a monthly basis, CPI fell by 0.4 percent month on month (MoM) as the impact from the VAT rate

    35%

  8. Govt proposes property VAT reduction to kickstart home sales

    EconomyFeatures

    The government is taking measures to reduce the VAT on all properties built from 2006 onwards... homes onto the market without a VAT of 24 percent for the next three years. The announcement... the measures on VAT, the new government promoted a business-friendly image from the moment they launched

    35%

  9. A breakdown of the fiscal and structural reforms Greece hopes will unlock funding

    EconomyProgramme

    audits on bank transfers abroad (725 million euros), fight against VAT fraud (350 million), public...), a Portuguese-style VAT lottery scheme (270 million), tackling fuel and tobacco smuggling (250 million... deficit clause. It does not plan to follow the previous government’s pledge to increase VAT rates

    35%

  10. Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    taxes (VAT, excise taxes etc.). VAT revenues amounted to 4.44 billion, 127 million higher than

    33%