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  1. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    . The rebound next year largely stems from higher VAT revenue growth (+6.1 percent), while consumption... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... in the 2-year period. On the revenue front, the key interventions involve: VAT streamlining

    7%

  2. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    . These include streamlining of rates and exemptions to increase VAT revenues (0.25 percent of GDP), further... to be a concession by the Greek government to increase the VAT rate for utilities from 13 to 23 percent... reform (1 percent), VAT reform (0.25 percent) and wage bill (0.25 percent)), according to the IMF

    7%

  3. Newsletter 70 - 15/04/2016

    Newsletters

    pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage.... Subsequent press reports indicated the government has proposed to lenders an increase in the main VAT rate from 23 to 24 percent to cover a part of the fiscal gap and avoid imposing a higher VAT rate

    7%

  4. Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP

    EconomyProgramme

    , the most significant single measure relates to an increase in the basic VAT rate from 23 to 24... as an alternative measure to the increase in the VAT rate on hotels from 6.5 to 13 percent. Introduction... percent of GDP would stem from the change in the VAT rate, 0.35 percent of GDP from other revenue

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  5. Newsletter 74 - 20/05/2016

    Newsletters

    the indirect tax measures will stem from a rise in the basic VAT rate from 23 to 24 percent... the plenary discussion will take place over the The new law will see the basic VAT rate rise to 24 percent... to the top rate of VAT and the excise tax on fuel. The legislation concerning a fiscal mechanism

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  6. HFSF study identifies constraints on developing dynamic NPL market

    EconomyBanking

    that the transfer is subject to VAT, it does not specify that it is exempt from VAT under the relevant rules... for regulatory and financial purposes, while asset sales or transfers should be exempted from VAT

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  7. Newsletter 91 - 07/10/2016

    Newsletters

    ) and increasing the excise on fuel (440 million) and the VAT rate from 23 to 24 percent (218 million..., to meet their payment obligations. While the ENFIA and VAT collection rates reached 83 percent and 81.... Syriza campaigned in favour of abolishing the tax, only to embrace it after taking office. VAT has

    7%

  8. Revenues beat target for second straight month in Oct with 739 mln over-performance

    EconomyMacroeconomy

    in October is attributed to increased VAT revenues. As we noted, VAT revenues climbed 47.2 percent... target. GSPR figures for September showed VAT, along with corporate income tax, has one

    7%

  9. Greek 2017 budget reveals size and source of extra tax burden
    Photo by Panayiotis Tzamaros/Fosphotos

    Agora

    in additional revenues of 439.6 million (18 percent). Moreover, the increase in the basic VAT rate from... of 1.34 billion euros in 2017 is almost equally split between additional VAT revenues and consumption... and 54 percent of the incremental VAT and consumption tax revenues respectively. The Finance Ministry

    7%

  10. Tsipras wins domestic support for pension bonus but key struggles lie abroad
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    announced by Tsipras, along with his proposal for the rise in VAT on northeastern Aegean islands... of the VAT freeze (19 percent had a neutral view). Just 30 percent of respondents said they opposed the pension benefit and 23 percent were against the halting the VAT rise on the islands. Apart from

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