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  1. EC study: VAT gap in Greece at 34 pct, more than double the EU average

    Economy

    The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013. The VAT gap is defined as the difference between the amount of VAT that is actually collected and the estimated VAT amount

    33%

  2. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while.... Although VAT rates remained broadly stable, the key changes relate to reshuffling of products and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books

    33%

  3. Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows

    Economy

    The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014. The VAT gap is a measure of VAT compliance and it is defined as the difference between the amount of the collected VAT revenues

    32%

  4. Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows

    EconomyMacroeconomy

    controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank..., the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates

    32%

  5. Newsletter 499 - 20/03/2026

    Newsletters

    of the Ukraine war, pushing back against opposition calls to reduce VAT on basic goods — a measure adopted by several other EU member states. Beyond ideological objections — the government argued that VAT cuts... and 36.92 billion in 2024. VAT revenues alone are expected to rise from 25.68 billion euros to 29.23

    31%

  6. FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
    www.mfa.gr

    PoliticsForeign Policy

    from Ankara’s side, especially following the signing of two memoranda with Libya. In this context... announcement said that talks centred on the situation in Libya and prospects of ending the civil

    31%

  7. Greece, Turkey launch new round of talks as Libya sea deal casts shadow
    Photo via www.mfa.gr

    PoliticsForeign Policy

    Foreign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media... in Libya on November 29, 2019. The inclusion of the memorandum’s sea zone maps in the UN's database

    31%

  8. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    Greece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which... night, explaining for the first time in public what the new VAT system might look like. Greece has currently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel

    31%

  9. Greece aligns with EU on Israel-Iran conflict, keeps close watch on Turkey as Ankara submits maritime plans

    PoliticsForeign Policy

    -Libya memorandum, which provoked tension with Greece. Athens reacted to the publication of Turkey’s MSP... this Tuesday in an extraordinary meeting of his EU counterparts called by EU top diplomat Kaja

    31%

  10. Is VAT all you've got?

    Agora

    the most of the skeptical troika finally giving in on a longstanding Greek demand for VAT in the food... that the troika had begun listening to Greece. Indeed, the VAT reduction represents something.... The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important

    30%