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  1. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43... buoyancy effects would lead to a cumulative rise in VAT revenues by 1.4 billion (0.8 percent of GDP) over...) and the more effective tackling of tax evasion could lead to an improvement of VAT revenues. Furthermore

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  2. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    euros, down 1.4 percent. They remained in line with the target. VAT and consumption taxes also...: personal income tax (by 416 million), other non tax revenues (by 451 million), VAT (by 145 million... involve: corporate income tax (by 479 million), other income tax (by 126 million), VAT of fuels (100

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  3. The measures Greece is proposing to secure troika's return

    EconomyProgramme

    measures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent..., with yearly cost savings seen at 82 to 123 million 3) Increase of the VAT revenues through... more in VAT revenues. The government has also proposed some changes to the pension system, which

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  4. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst

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  5. Newsletter 15 - 13/02/2015

    Newsletters

    , this is mostly due to extending the quarterly VAT payment by one month, until the end of February... their VAT and single property tax (ENFIA) obligations for February as normal, but to do so... revenues are seasonally high due to quarterly VAT returns, while the respective targets

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  6. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    lower income tax and VAT revenues. The Finance Ministry (MoF) attributed the bulk of the slippage to the deadline for the VAT payment being extended until the end of February by the previous government... indicate that the revenue gap remained broadly unchanged in February, implying that VAT payment

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  7. 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

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  8. Newsletter 23 - 17/04/2015

    Newsletters

    perplexing that he is at the same time hopeful that common ground can be found soon. Two (VAT rises... to believe that the situation would be any different for Tsipras. He might be able to get away with VAT rises... and an increase in VAT on Greek islands. The coalition, however, wants to introduce new measures

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  9. Newsletter 27 - 22/05/2015

    Newsletters

    issues such as macroeconomic projections, fiscal targets and VAT rates have yet to be settled... rebellion. suggestion of a dual rate for VAT, depending on the payment method. Finance Minister Yanis Varoufakis’s proposal that customers paying by card should receive a VAT discount was apparently

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  10. Greece sees deal by June 5 but size of gaps tells different story
    Photo by R/DV/RS via Flickr https://flic.kr/p/4JYvg5

    PoliticsGreek Politics

    . It also sees convergence on the planned VAT overhaul. However, the two sides are still said to be 1..., who told MNI that Greece has to find another 1.8 billion euros from changes to VAT this year... VAT brackets there will be (Greece wants three and its lenders two), let alone what the new rates

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