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  1. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    for the full year. The latter stems from a 7.4 and 6.6 percent decrease in VAT revenues and consumption taxes respectively. Overall, 12-month indirect taxes were in line with target as slightly higher VAT

    12%

  2. Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall

    Economy

    taxes beat the targets by 237 million. In particular, VAT retreated 4.4 percent in April and 1.8... million short of target. The former mainly reflects lower VAT on fuel by 382 million and the latter

    12%

  3. Two years on, Greek government ready to give up on higher heating fuel tax

    PoliticsGreek Politics

    on the respective VAT revenues, which more than offset the increase posted in the excise tax revenues..., the 10-percentage-point reduction (from 23 percent to 13 percent) in the VAT rate applied to food

    12%

  4. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    non-tax revenues showed the highest outperformance. In contrast, VAT on fuel, liquidity support.... After a temporary hike in May, VAT revenues decreased by 17.6 percent in June, with the 6-month

    12%

  5. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    ) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent..., trimming the solidarity levy by 30 percent and retaining the VAT rate for food and accommodation services

    12%

  6. Troika document reveals thorny issues, coalition's commitments to conclude review
    Photo by MacroPolis

    EconomyProgramme

    of GDP in 2014 and 2015 respectively. Greece has proposed a number of measures such as increasing the VAT.... Commitment to legislate a comprehensive reform of the VAT policy and administration, further modernize

    12%

  7. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    in the 11-month period is almost equally split between VAT revenues and consumption taxes, which decreased by 1.7 and 4.4 percent respectively. However, the MoF stressed that VAT revenues as well as excise

    12%

  8. Newsletter 14 - 06/02/2015

    Newsletters

    government felt were not politically feasible, such as further rises in VAT, in return for receiving... note the government intends to reduce the higher VAT rate of 23 percent and impose special tax

    12%

  9. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    to the MoF, the revenue shortfall is attributed to the extension of the VAT payment until the end... Valavani urged taxpayers to pay their VAT and single property tax (ENFIA) instalments for January

    12%

  10. Greece sets out broad reform plan for lenders' approval

    EconomyProgramme

    VAT policy reforms to improve collection and fight evasion. VAT policy will be rationalized

    12%