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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeciting government sources indicate that the key measures relate to increasing the VAT rate on hotel...) said that doubling the VAT rate in its sector would initially increase VAT revenues by 300 million... that the resulting higher cost for hotel services from the rise of VAT to 13 percent would lead to 2.6 million
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammetransactions and reduced VAT collection. The list also includes the already passed instalment scheme... is reforms in the VAT policy. Citing Finance Ministry sources, Kathimerini notes that the government is examining two scenarios: The first envisages a unified VAT rate of 15 percent with abolition
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomythat the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between... to food and medicines. Greece currently has two main VAT rates of 13 and 23 percent and a lower rate... in almost all products and services, while the reduced VAT rates in islands will probably be abolished
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How big is the gap separating Greece and the institutions?
EconomyProgramme, it is clear how difficult a task it will be to reach a compromise. VAT On VAT, the institutions insist... to this year since the new VAT rates will be effective from July 1. Apart from the total estimated proceeds, a key difference lies with the allocation of products in the VAT rates. In particular
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Newsletter 32 - 26/06/2015
to Thursday’s meeting of eurozone finance ministers. Starting from VAT, the institutions demand net.... However, the key differences relate to the reshuffling of products and services in the three VAT... proposes it apply to food, water and hotels. Another thorny issue lies with the 30 percent VAT discount
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme. These measures relate to VAT and tax issues and the legal independence of the Hellenic Statistical.... VAT On VAT, the draft bill sets the new basic rate at 23 percent. For pharmaceuticals, books..., while hotels VAT rate previously at 6.5 percent doubles to 13 percent. The abolition of the 30
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomypercent of total taxation much higher than the OECD average ratio of 30.5 percent. However, VAT stood... the performance of VAT, the report presented the VAT Revenue Ratio (VRR), which measures the difference between the VAT revenue actually collected and what would theoretically be raised if VAT was applied
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Newsletter 209 -07/06/2019
in installments, reduced VAT rates, the return of the 13th pension payment, and the reversal... is already the highest as a share of GDP in the EU. Combined with VAT changes, the EC says... of measures that included a bonus pension and lower VAT rates for a number of processed goods
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Newsletter 323 - 14/01/2022
in January. There has been disagreement within the government about whether VAT on some goods should... not intend to reduce VAT but that its plans for tax cuts have not run their course yet. Opposition... of the minimum wage to 800 euros, cuts to VAT on basic goods and excise duty on fuel, an intervention
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Newsletter 499 - 20/03/2026
of the Ukraine war, pushing back against opposition calls to reduce VAT on basic goods — a measure adopted by several other EU member states. Beyond ideological objections — the government argued that VAT cuts... and 36.92 billion in 2024. VAT revenues alone are expected to rise from 25.68 billion euros to 29.23
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