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Newsletter 460 - 02/05/2025
VAT revenues, and the introduction of the objective taxation for self-employed. The latter... prices: VAT rates were applied on goods whose prices even at headline level were hiked by close... by a significant 18 pct YoY to 424,575. Inactive population also edged up to just over 3 million. Credit Lending
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeemerged relates to the imposition of a 23 percent VAT rate on tuition fees at private schools and tuition centres, a measure voted in the Parliament on August 13 to counterbalance the lowering of the VAT rate on beef. According to the General Accounting Office, this particular VAT revenue
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomytheir respective tax via credit cards in 6-12 monthly installments, while the state collects the whole... by 14.3 percent to 2.19 billion euros with VAT up 10.6 percent to 1.46 billion and consumption taxes soaring 31.6 percent to 654 million. VAT revenues in particular reached 1.46 billion in October from
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Newsletter 352 - 23/09/2022
execution for July, shows that tax receipts from VAT are above their target by 1.15 billion euros, thanks to higher VAT on fuels by 257 million euros and VAT on other products and services up by 900 million... and a stronger labour market, much of the VAT performance is led by the inflation wave, which has
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Newsletter 3 - 14/11/2014
. Even then, though, if Greece goes into an enhanced conditions credit line (ECCL..., changing the terms and conditions for retirement, increasing the VAT rates in specific sectors... the new precautionary credit line. Another unresolved issue increasing tension on the domestic front
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Newsletter 38 - 07/08/2015
Boost for credit card use Increase in electronic payments could help fight against tax evasion... amounts. Individuals could also apply for a debit or credit card. This led to a sharp rise in the number... with a credit function. In addition, debit cards per capita in Greece stood at 1.08, well below the EU
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Newsletter 128 - 21/07/2017
that Standard and Poor’s (S&P) might upgrade Greece’s credit rating on Friday meant that Prime Minister... equipment (-31.5 percent), tobacco products (-24.8 percent) and beverages (-15.2 percent). Credit... in the Greek market. A slight tightening of housing loans and consumer credit was noted in Q2 compared
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Card transactions in Greece experience boost due to capital controls
EconomyBanking, transactions by credit or debit cards came to around 5 percent of GDP. By 2017, the year for which the latest... from 34 million in 2014 to 407.3 million in 2017. Credit card transactions increased from 52.8 million... stood at 1.8 billion and rose steadily to reach 15.8 billion in 2017. The value of credit card
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Newsletter 204 -03/05/2019
is considering lowering the top VAT rate from 24 to 22 percent and the middle rate from 13 to 12 percent... (S&P) confirmed late last week that its credit rating for Greece would remain at ‘B+’, also... is the lowest since June 2018 when the indicator came to 2.6 points. Credit contraction at 0.6 pct
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Bank tax proposal spearheads PASOK attack on government's economic policy
Economylegislation that would lower the VAT on essential goods. This was in response to the cost-of-living... margin on loans and no access to credit, especially in mortgages and loans to SMEs. Within Greek... to be a reasonably priced credit tool for only large corporations and major projects. This comes on the back
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