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  1. Study shows 341 mln a year in tax lost from short-term rentals
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    million euros for state coffers annually. The study points out that if VAT, council tax and owners... their income annually rather than submitting each stay. They also do not have to pay VAT. The popularity

    12%

  2. Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 35 million. Revenues from VAT increased by 6.3 percent on an aggregate basis and beat the target by 54 million euros. On a monthly basis, VAT revenues rose by 7.3 percent. Privatisation proceeds

    12%

  3. Clock ticks on prior actions as coalition searches for solution on islands
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    Another area of concern for the government is the imminent increase of VAT on the Aegean islands... will examine the possibility of maintaining the discounted VAT rate on the larger islands affected

    12%

  4. Tusk proposals over refugee quotas puts Athens on alert ahead of EU summit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to put off plans to scrap the 30 percent discount on VAT that has been in place on many Aegean islands. The government is considering whether the lower VAT rate may at least be maintained for another

    12%

  5. Budget passed but coalition handouts draw attention
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , ahead of the budget vote, that it will not be raising the VAT rate on five of the 32 Aegean islands... flows. The ministry said that it had agreed the extension of the VAT discount on these islands

    12%

  6. Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , and VAT by 4.3 percent. For direct tax subcategories, property tax revenues fell by 3.1 percent... by 4.6 percent. Revenues from VAT increased by 5.2 percent and beat the target by 23 million euros

    12%

  7. Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion. The VAT collectability rate improved to 86.6 percent compared to 81.1 percent in November... to 74.1 percent in 2016. Overall, the monthly rate of collectability rose for VAT and ENFIA and fell

    12%

  8. New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the more marginal rise of 693 million noted in January. The VAT collectability rate declined to 80.2 percent from 83.4 percent in January. The amount of VAT due eased to 1.04 billion in February, down

    12%

  9. New overdue taxes up by 776 mln in March, total stock at 101.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    seen in the previous month. The VAT collectability rate increased to 82.5 percent from 80.2 percent in February. The amount of VAT due in March eased significantly to 586.9 million compared to 1.04

    12%

  10. Tsipras waits on name issue and debt talks, Mitsotakis pledges tax cuts for tourism
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    reduce VAT for the food service sector to 13 percent. This was a popular measure implemented... two VAT rates: 22 and 11 percent, with tourism-related services being in the lower bracket. He said

    12%