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  1. The key points from Greece's proposal to lenders

    EconomyProgramme

    in 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13... in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from

    8%

  2. Greece and lenders fail to bridge their differences in Brussels

    PoliticsGreek Politics

    a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... stemmed from an upward revision of VAT revenues to 1.3-1.4 billion by increasing the low rate to 6.5... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes

    8%

  3. Greece's updated proposals to lenders and how they compare to previous efforts

    EconomyProgramme

    includes four pillars: VAT, pensions, corporate and income tax and other measures. We present below the interventions in each pillar. VAT Revenues from reshuffling of VAT rates remain unchanged at 680

    8%

  4. Greek talks go down to the wire as IMF raises major objections

    PoliticsGreek Politics

    in revenues from VAT at 1 percent of GDP (1.8 billion) versus 0.74 percent (1.36 billion) included in the Greek proposal. The IMF is proposing an increase in the VAT rate on food service from 13 percent... in VAT rates in islands. On the pension front, the IMF proposes a higher increase in the healthcare

    8%

  5. Greek government's proposals to bridge gap with lenders appear to fall short

    EconomyProgramme

    , there were a number of differences mainly in the VAT, pensions, fiscal structural measures and labour market. VAT On VAT, the government now wants to maintain only the 30 percent discount on islands. Note

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  6. Greece and lenders appear close to third bailout deal, with few issues outstanding
    Photo by MacroPolis

    EconomyProgramme

    subsidies will be eliminated in the next 14 months. On VAT, the Greek request for lowering the rate on beef... by the institutions. However, this would be counterbalanced by the imposition of a VAT rate of 23... intervention voted on July 15 for private tuition and language schools, which were previously VAT

    8%

  7. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    . The rebound next year largely stems from higher VAT revenue growth (+6.1 percent), while consumption... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... in the 2-year period. On the revenue front, the key interventions involve: VAT streamlining

    8%

  8. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    . These include streamlining of rates and exemptions to increase VAT revenues (0.25 percent of GDP), further... to be a concession by the Greek government to increase the VAT rate for utilities from 13 to 23 percent... reform (1 percent), VAT reform (0.25 percent) and wage bill (0.25 percent)), according to the IMF

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  9. Newsletter 70 - 15/04/2016

    Newsletters

    pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage.... Subsequent press reports indicated the government has proposed to lenders an increase in the main VAT rate from 23 to 24 percent to cover a part of the fiscal gap and avoid imposing a higher VAT rate

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  10. Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP

    EconomyProgramme

    , the most significant single measure relates to an increase in the basic VAT rate from 23 to 24... as an alternative measure to the increase in the VAT rate on hotels from 6.5 to 13 percent. Introduction... percent of GDP would stem from the change in the VAT rate, 0.35 percent of GDP from other revenue

    8%