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Newsletter 74 - 20/05/2016
the indirect tax measures will stem from a rise in the basic VAT rate from 23 to 24 percent... the plenary discussion will take place over the The new law will see the basic VAT rate rise to 24 percent... to the top rate of VAT and the excise tax on fuel. The legislation concerning a fiscal mechanism
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HFSF study identifies constraints on developing dynamic NPL market
EconomyBankingthat the transfer is subject to VAT, it does not specify that it is exempt from VAT under the relevant rules... for regulatory and financial purposes, while asset sales or transfers should be exempted from VAT
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Newsletter 91 - 07/10/2016
) and increasing the excise on fuel (440 million) and the VAT rate from 23 to 24 percent (218 million..., to meet their payment obligations. While the ENFIA and VAT collection rates reached 83 percent and 81.... Syriza campaigned in favour of abolishing the tax, only to embrace it after taking office. VAT has
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Revenues beat target for second straight month in Oct with 739 mln over-performance
EconomyMacroeconomyin October is attributed to increased VAT revenues. As we noted, VAT revenues climbed 47.2 percent... target. GSPR figures for September showed VAT, along with corporate income tax, has one
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Greek 2017 budget reveals size and source of extra tax burden
Agorain additional revenues of 439.6 million (18 percent). Moreover, the increase in the basic VAT rate from... of 1.34 billion euros in 2017 is almost equally split between additional VAT revenues and consumption... and 54 percent of the incremental VAT and consumption tax revenues respectively. The Finance Ministry
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Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek Politicsannounced by Tsipras, along with his proposal for the rise in VAT on northeastern Aegean islands... of the VAT freeze (19 percent had a neutral view). Just 30 percent of respondents said they opposed the pension benefit and 23 percent were against the halting the VAT rise on the islands. Apart from
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Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
PoliticsGreek PoliticsVAT on agricultural products from 24 percent to 13 percent as of July 1 this year... for this intervention. Mitsotakis proposed a 20 percent reduction in the ENFIA property tax, reducing VAT... and providing nursery places for all children. The government’s decision to reduce VAT on farming products
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeof what role the IMF will play. It also appears that any hopes of maintaining the VAT discount on some Greek islands will have to be abandoned by the government. Instead, it seems certain that VAT rates..., these islands have had a 30 percent discount on VAT.
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Newsletter 143
that any hopes of maintaining the VAT discount on some Greek islands will have to be abandoned by the government. Instead, it seems certain that VAT rates will increase on 32 islands... on VAT. Primary cash surplus at 6.39 bln in October Q3 GDP figures show marginal growth as BoG says
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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomyin indirect taxes by 5.4 percent. Within this category, consumption tax rose by 6 percent and VAT... outperformance ranging between 38 and 66 million euros. Revenues from VAT increased by 6 percent on an aggregate basis and beat the target by 66 million euros. On a monthly basis, VAT revenues rose
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