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  1. Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts

    PoliticsGreek Politics

    that will have immediate effect is the tweaking of the VAT rate so that all food products... in the top VAT rate of 24 percent to 22 percent, and the middle rate of 13 percent to 11 percent... year. The VAT charged on the sale/transfer of newly built properties will be suspended for three years

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  2. New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 2.93 billion euros compared to 2.73 billion in April. The VAT collectability rate increased to 86.3 percent in May from 75.8 percent in April, while the amount of VAT due came to 1.84 billion... of the year, the VAT collectability rate came to 84.2 percent, with 4.55 billion paid out of 5.40 billion

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  3. Budget primary surplus confirmed at 381 mln in June
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros, excluding VAT. The next three largest revenue rises in absolute terms were seen in transfers... noted. This was followed by VAT on other goods and services which outperformed by 630 million euros (+9.3 percent) and includes 271.6 million euros of VAT received in relation to the extension

    13%

  4. Govt looks for ways to manage promised tax cuts as Mitsotakis continues European charm offensive
    Photo by MacroPolis

    PoliticsGreek Politics

    to 24 percent in 2020 and 20 percent in 2021, VAT reduced to 13 percent on tourism products and services, a three-year VAT holiday on construction, a three3-year suspension on capital gains tax... of the solidarity contribution. The reduction of the two VAT rates, from 24 to 22 percent and from 13

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  5. Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    from March this year, which came to 1.12 billion euros, excluding VAT. The next three largest revenue rises in absolute terms were seen in VAT on other goods and services, which outperformed the target by 662 million euros or 8.0 percent. This included 271.6 million euros of VAT received in March 2019

    13%

  6. New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
    Photo by MacroPolis

    EconomyMacroeconomy

    to 3.64 billion euros compared to 3.36 billion in June. The VAT collectability rate came to 84.9 percent in July. The amount of VAT due came to 1.21 billion. On an aggregate basis, the VAT

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  7. Budget primary surplus confirmed at 2.91 bln in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    International Airport from March this year, which came to 1.12 billion euros, excluding VAT. The next... by VAT on other goods and services, which outperformed the target by 653 million euros or 6.8 percent. This included 271.6 million euros of VAT received in March 2019 in relation to the Athens

    13%

  8. Rate of increase in overdue taxes drops in Aug as total passes 105 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to 4.38 billion euros compared to 3.64 billion in July. The VAT collectability rate came to 83.4 percent in August. The amount of VAT due came to 1.16 billion. On an aggregate basis, the VAT

    13%

  9. Sept budget primary surplus confirmed at 4.47 bln, well above target
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Airport from March this year, which came to 1.12 billion euros, excluding VAT. The next three largest revenue rises in absolute terms were seen in VAT on other goods and services with an outperformance against the target of 644 million euros, including 271.6 million euros in VAT via the Athens Airport

    13%

  10. Overdue tax, debtors jump in Sept as total reaches 105.6 bln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the total to 4.91 billion euros compared to 4.38 billion in August. The VAT collectability rate came to 85.9 percent in September. The amount of VAT due came to 847.8 million. On an aggregate basis, the VAT collectability rate came to 84.1 percent, with 7.93 billion paid out of 9.43 billion due

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