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  1. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    due to double-digit drop of 15.2 percent in consumption taxes, while VAT revenues grew by 5.9 percent... largely due to a drop in VAT revenues by 1.1 percent, while consumption taxes marginally improved

    12%

  2. Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues

    EconomyMacroeconomy

    . Moreover, VAT revenues rose by 6.2 percent to 2.5 billion, also reflecting the VAT reshuffling implemented

    12%

  3. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    summer as an alternative measure either for not abolishing the 30 percent discount on islands’ VAT rates or for not increasing the hotel VAT from 6.5 to 13 percent. 4) Increase in the excise tax

    12%

  4. Bailout talks inch forward as Juncker comments complicate matters
    Photo via @JunckerEU

    PoliticsGreek Politics

    and the institutions agreeing on an increase in the top-rate of VAT only, from 23 percent to 24 percent. The increase in VAT is part of the package of indirect tax measures, along with a gambling levy and others

    12%

  5. Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes

    EconomyMacroeconomy

    in the basic VAT rate, applied to the bulk of goods and services, from 23 to 24 percent as of June 1.... In addition, following last year’s bailout commitment, the 30-percent discount on the VAT rates

    12%

  6. BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
    Photo by MacroPolis

    EconomyMacroeconomy

    in the basic VAT rate from 23 to 24 percent on consumer prices is expected to be contained... the VAT rate increase and thus retain their market shares in an environment of weak demand.

    12%

  7. Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
    Photo via @kmitsotakis

    PoliticsGreek Politics

    on dividends from 15 percent to 5, reduce the VAT on farming supplies to 13 percent, abolish... of VAT from 10,000 euros to 25,000 euros. Mitsotakis said that the reductions would be worth a total

    12%

  8. Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros, beating the target by 608 million. VAT climbed 18.9 percent in August and 12 percent... in the local media had indicated a notable rebound in VAT revenues in the islands (Cyclades, Crete

    12%

  9. Greece's taxing challenges

    Agora

    obligations. While the ENFIA and VAT collection rates reached 83 percent and 81 percent last year... campaigned in favour of abolishing the tax, only to embrace it after taking office. VAT has been increased

    12%

  10. Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues

    EconomyMacroeconomy

    in September on the back of a soaring VAT revenues (+47.2 percent), while consumption taxes fell... million above target, mostly reflecting an outperformance of VAT revenues by 312 million, while

    12%