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  1. Inflation triggers political machinations, move to increase budget spending
    Photo by MacroPolis

    PoliticsGreek Politics

    VAT in catering and transport until the end of the year. Prime Minister Kyriakos Mitsotakis also hinted this week that the government could reduce VAT on food products temporarily to ease the burden... when the time comes to restore VAT on these products back to its normal rate, immediately prompting

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  2. Newsletter 367 - 27/01/2023

    Newsletters

    to 28.49 billion euros, led by VAT income of 18.76 billion euros and special consumption taxes of 7.07... prices, and therefore higher indirect taxes, because of the cost-of-living crisis. VAT intakes... the government to reconsider VAT rates for basic goods as it will help the most vulnerable households, while

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  3. Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros seen this year. VAT and indirect taxes will continue to have a prominent role, reaching 35.17 billion euros, from 33.7 billion euros in 2023. VAT is expected to rise by more than 1... at 476 million euros, while the lower VAT regime on certain products and services has a fiscal

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  4. Parties turn focus on economy as PASOK struggles with election fallout

    PoliticsGreek Politics

    cuts to VAT on the model of other European countries, claiming that the measure would be ineffective... had decided to maintain low VAT rates on takeaway drinks and taxi fares to avoid inflicting higher... prices without compromising its political commitments. In addition to the targeted VAT freeze, Finance

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  5. Newsletter 440 - 08/11/2024

    Newsletters

    is reducing the VAT rate. Elevated VAT revenues, boosted by inflated prices during the cost-of-living... rejected calls from the opposition parties to reduce indirect taxes, including VAT

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  6. PASOK tries to chip away at New Democracy's record on economy
    Image: https://pasok.gr/

    PoliticsGreek Politics

    by PASOK, who has argued in favour of cuts in indirect taxes like VAT, a policy which New Democracy has... in populism”, which featured a montage of older statements by the prime minister pledging to cut VAT... campaign of 2019, when he promised that if elected he would cut VAT in his first term. Androulakis

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  7. Androulakis presents vision for fairer Greece in response to PM’s tax cuts
    Image: https://pasok.gr/

    PoliticsGreek Politics

    Program, and regional fertility centres will offer free genetic material storage. VAT on essential..., and a VAT exemption threshold raised to 20,000 euros. Special financing channels will plug credit gaps... brackets over four years, and further VAT cuts on basic goods—backed by market reforms and strict

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  8. Despite lukewarm reaction, PM insists tax cuts will pave way to third term
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    made by the opposition. He said he rejected opposition calls for VAT cuts based on a Bank of Greece... that despite his claims, many of the tax reforms are regressive, including keeping in place high VAT rates... companies and supermarkets and hurting the lowest earners by leaving VAT rates untouched. Communist

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  9. Newsletter 485 - 21/11/2025

    Newsletters

    reliance on direct taxes—and notably VAT—is tied to the main concern of Greeks: the cost of living. Inflated prices are driving VAT performance, with the €27.63 billion expected this year exceeding.... VAT revenues for 2026 are projected to grow further to €29.2 billion, partly attributed

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  10. Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

    Economy

    in September, on the back of the ongoing plunge in VAT revenues and consumption taxes by 11.6 and 4.1 percent respectively. The most notable underperformance was evident in VAT on fuel and excise tax

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