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  1. Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
    Photo by MacroPolis

    EconomyMacroeconomy

    and corporate income tax concerning the declarations of the tax year 2020, increased VAT revenues mainly thanks to tourist activity. Various VAT, consumption and income taxes categories outperformed up... tax up by 102 million and VAT on other products and services by 13 million euros and property related

    7%

  2. Nov budget data confirms tax revenue outperformance at 784 mln

    EconomyMacroeconomy

    personal and corporate income tax concerning the declarations of the tax year 2020, increased VAT revenues mainly thanks to tourist activity and energy price hikes. Various VAT, consumption and income tax... million euros, personal income tax up by 296 million and VAT on other products and services by 152

    7%

  3. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    . Transfers also beat the target by 513 million euros. VAT and consumption taxes on fuel, goods... for fuel VAT to 337 million for VAT of other goods and services. Personal income tax brought in 521

    7%

  4. Newsletter 325 - 28/01/2022

    Newsletters

    recovery observed in 2021. The rise in energy prices also saw higher intakes in VAT and special consumption... little room for talk of reducing VAT rates in response to the recent wave of inflation. Combined... sector incomes, at 799 million euros; and some reduced VAT rates for a total tax reduction of 2

    7%

  5. Newsletter 326 - 28/01/2022

    Newsletters

    , reducing VAT on basic goods and increasing the minimum wage. KINAL focussed on the abolition..., had suggested that touching VAT for bread alone could cost the budget 160 million euros. During... of price hikes and all of them suggested reducing VAT and consumption taxes on food and fuel to relieve

    7%

  6. Inflation triggers political machinations, move to increase budget spending
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    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

    7%

  7. 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

    7%

  8. 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

    7%

  9. 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

    7%

  10. 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

    7%