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Athens balancing diplomacy and defence amid Middle East turmoil
PoliticsForeign Policy. Greece is also maintaining active engagement in Libya, with scheduled visits by the Foreign Minister... in Libya, promote stability and address pressing issues such as migration, while reiterating Greece’s
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Newsletter 101 - 23/12/2016
the year with some festive cheer in the form of its lenders agreeing that the pension bonus and VAT... the 617-million-euro payment to some 1.6 million pensioners and the decision to maintain the discount on VAT... and credit cards after the imposition of capital controls in July 2015 had a positive impact on VAT
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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomyyear. Over three-quarters of these costs accrue in three of the priority areas, namely tax (VAT... for tax law (VAT) form the largest proportion (47 percent) of administrative burdens amounting to 1.54 billion. The key recommendations include: Remove inactive VAT taxable persons from the VAT
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Gap of 555 mln emerges in three key taxes in July ahead of a crucial September for revenues
EconomyMacroeconomy) provided an update on the collection of key taxes, namely personal and corporate income tax and VAT... of the year were fairly insignificant. The collectability rate of VAT also stood at relatively high..., punctual payments of VAT resulted in revenues of 5.57 billion euros, corresponding to 84.5 percent
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A closer look at Greece's revised proposals to lenders
EconomyProgrammefrom VAT reform of 680 million euros in 2015 and 1.36 billion in 2016. The latter is higher than... VAT rate from 6.5 to 6 percent and a reshuffling of products and services in the other two VAT rates of 13 and 23 percent. The new low VAT rate of 6 percent will cover only medicine, books and theatre
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammemilestones for the first programme review. In mid-July, the government legislated a VAT reform aiming to generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super... percent for basic food, energy, hotels and water. In addition, the 30 percent discount on VAT rates
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Newsletter 49 - 30/10/2015
residences from foreclosure, VAT on private education and pharmacy ownership. On the foreclosures front... pending issue relates to the imposition of 23 percent VAT on private education, which has created much..., but a 6-percent VAT rate would apply in private tuition schools, music and 13 percent in non-state schools
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesin recent years, heavy taxation, especially VAT, remains a problem. In October 2015, a new rate of hotel VAT... of the VAT increase has been absorbed by the hotels in order to remain competitive, with just a small... services are subject to 13 percent VAT. Food and beverage plus other services sold to clients incur
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ND doubles down on tax as leaders target weak spots on electoral map
PoliticsGreek Politicsa reduction of VAT and other indirect taxes. The parties on the left, led by PASOK and SYRIZA, have... showed that the wealthy would benefit more from a VAT cut than lower earners, adding..., repeated by Skertsos, that VAT cuts will not get passed on to consumers is one that critics have used
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Between the sword and the olive branch: Dilemmas of Greek diplomacy
Agora"In one hand Greece holds an olive branch but in the other it holds the sword of justice," said Greece's new Defence Minister Nikos Dendias as he was sworn in on Monday. The danger is, though.... There is a danger that the discovery of hydrocarbons off Cyprus, which was seen by many as a potentially
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