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  1. The measures Greece is proposing to secure troika's return

    EconomyProgramme

    measures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent..., with yearly cost savings seen at 82 to 123 million 3) Increase of the VAT revenues through... more in VAT revenues. The government has also proposed some changes to the pension system, which

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  2. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst

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  3. Newsletter 15 - 13/02/2015

    Newsletters

    , this is mostly due to extending the quarterly VAT payment by one month, until the end of February... their VAT and single property tax (ENFIA) obligations for February as normal, but to do so... revenues are seasonally high due to quarterly VAT returns, while the respective targets

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  4. Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct

    Economy

    reflects weak income tax and revenues from VAT. In particular, income tax plummeted 47.5 percent to 519 million euros, 479 million short of target, while VAT dropped 16.3 percent to 1.33 billion, 321 million lower than target. The revenue shortfall stems from the extension of the VAT payment until

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  5. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    lower income tax and VAT revenues. The Finance Ministry (MoF) attributed the bulk of the slippage to the deadline for the VAT payment being extended until the end of February by the previous government... indicate that the revenue gap remained broadly unchanged in February, implying that VAT payment

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  6. A breakdown of the fiscal and structural reforms Greece hopes will unlock funding

    EconomyProgramme

    audits on bank transfers abroad (725 million euros), fight against VAT fraud (350 million), public...), a Portuguese-style VAT lottery scheme (270 million), tackling fuel and tobacco smuggling (250 million... deficit clause. It does not plan to follow the previous government’s pledge to increase VAT rates

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  7. Newsletter 23 - 17/04/2015

    Newsletters

    perplexing that he is at the same time hopeful that common ground can be found soon. Two (VAT rises... to believe that the situation would be any different for Tsipras. He might be able to get away with VAT rises... and an increase in VAT on Greek islands. The coalition, however, wants to introduce new measures

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  8. Newsletter 27 - 22/05/2015

    Newsletters

    issues such as macroeconomic projections, fiscal targets and VAT rates have yet to be settled... rebellion. suggestion of a dual rate for VAT, depending on the payment method. Finance Minister Yanis Varoufakis’s proposal that customers paying by card should receive a VAT discount was apparently

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  9. Greece sees deal by June 5 but size of gaps tells different story
    Photo by R/DV/RS via Flickr https://flic.kr/p/4JYvg5

    PoliticsGreek Politics

    . It also sees convergence on the planned VAT overhaul. However, the two sides are still said to be 1..., who told MNI that Greece has to find another 1.8 billion euros from changes to VAT this year... VAT brackets there will be (Greece wants three and its lenders two), let alone what the new rates

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  10. Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    PoliticsGreek Politics

    defeat on changes to VAT rates. Athens had wanted to minimise the impact of changes, keeping three.... The other two brackets are 13 and 23. The change in VAT will be the biggest single revenue raiser from... would not accept an increase of 10 percentage points in the VAT on electricity. The other specific

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