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  1. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    in the 11-month period is almost equally split between VAT revenues and consumption taxes, which decreased by 1.7 and 4.4 percent respectively. However, the MoF stressed that VAT revenues as well as excise

    7%

  2. Newsletter 14 - 06/02/2015

    Newsletters

    government felt were not politically feasible, such as further rises in VAT, in return for receiving... note the government intends to reduce the higher VAT rate of 23 percent and impose special tax

    7%

  3. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    to the MoF, the revenue shortfall is attributed to the extension of the VAT payment until the end... Valavani urged taxpayers to pay their VAT and single property tax (ENFIA) instalments for January

    7%

  4. Greece sets out broad reform plan for lenders' approval

    EconomyProgramme

    VAT policy reforms to improve collection and fight evasion. VAT policy will be rationalized

    7%

  5. Newsletter 17 - 27/02/2015

    Newsletters

    , three ministers gave three different messages about what the government plans to do with VAT.... These included reforms for pensions, VAT, opening up closed sectors, privatisations and the labour market

    7%

  6. Greece: The gathering storm
    Photo by Harry van Versendaal

    Agora

    plans to do with VAT. On the same day, Finance Minister Yanis Varoufakis suggested that Greece would... in enough detail. These included reforms for pensions, VAT, opening up closed sectors

    7%

  7. Greece submits reform proposals but Eurogroup unlikely to be moved

    EconomyProgramme

    and relates to ‘onlookers’ VAT evasion-fighting scheme with large numbers of causal ‘onlookers’ to assist the fight against VAT evasion. Varoufakis proposes large numbers of non-professional inspectors

    7%

  8. Accommodation and food services turnover jumps 22.2 pct in Q4 2014

    EconomyMacroeconomy

    framework, mainly related to VAT on islands and hotel services. According to SETE a potential change in the VAT rates in either of the two sectors would have a negative impact on the anticipated volumes

    7%

  9. Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues

    Economy

    to the payment of VAT, which was initially due in January but its deadline was extended by month. However, since the VAT underperformance in January stood at 321 million, it would be reasonable

    7%

  10. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    million), fight against VAT fraud (350 million), instalment scheme (300 million), streamlining income tax code (300 million), introduction of a VAT lottery scheme (270 million), combating illegal trade

    7%