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  1. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion euros in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU, with Greece ranking among the worst performers. The VAT gap is a measure of VAT

    35%

  2. Italian support over Libya buoys Athens as it looks to build broad East Med alliance
    Photo by Finnish Presidency of EU

    PoliticsForeign Policy

    Jurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece

    34%

  3. Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
    www.mfa.gr

    PoliticsForeign Policy

    on the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya

    34%

  4. 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

    34%

  5. 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%

  6. Newsletter 235 -17/01/2020

    Newsletters

    to be elected by Parliament as even a simple majority will suffice) brings two distinct benefits for Mitsotakis... in the coming days even with a simple majority, the new system would apply in the second vote... was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion

    33%

  7. Newsletter 370 - 17/02/2023

    Newsletters

    in the first vote, which will be held using a simple form of proportional representation... million euros and is part of a wider package that includes the extension of the low VAT rates for certain... to what is a vital pool of voters for the ruling centre-right party. The fact that the Greek government

    33%

  8. Vital economic legislation lined up as ND seeks compromise over diaspora vote
    Photo by MacroPolis

    PoliticsGreek Politics

    Interior Minister Takis Theodorikakos sent a new proposal on Friday. The breakthrough came after SYRIZA

    33%

  9. 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

    33%

  10. 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

    33%