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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy) Revenues (3.99 billion – 62.5 percent of total) 1) VAT rate streamlining including abolition of the 30 percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyof the ENFIA instalment. In particular, income tax improved 2.2 percent to 7.51 billion euros, 126... billion euros, beating the target by 608 million. VAT climbed 18.9 percent in August and 12 percent... in the local media had indicated a notable rebound in VAT revenues in the islands (Cyclades, Crete
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Newsletter 116 - 28/04/2017
taxes) increased by 1.75 billion to 30 billion. The bulk of that improvement stemmed from VAT, which... the 737 million figure posted in January, a quarter of which stemmed from VAT. The aggregate figure... is the highest reading since January. Consumer confidence also rebounded by 2.2 points, following
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Study shows 341 mln a year in tax lost from short-term rentals
EconomyFeaturesmillion euros for state coffers annually. The study points out that if VAT, council tax and owners... are under a higher tax rate than other competitor countries, which drives the final price up by between 2.2... their income annually rather than submitting each stay. They also do not have to pay VAT. The popularity
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Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
EconomyMacroeconomy, and VAT by 4.3 percent. For direct tax subcategories, property tax revenues fell by 3.1 percent, while income tax revenues rose by 2.2 percent. In total, tax revenues beat their target by 359 million... by 4.6 percent. Revenues from VAT increased by 5.2 percent and beat the target by 23 million euros
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Newsletter 303 - 02/07/2021
to plan permanent relief measures, including lower income taxes and reduced VAT for certain... a new tax relief package, even if the primary surplus goal of 2.2 pct of GDP from 2023 onwards remains... to VAT in other products by 99 million, transfers of 105 million and other revenues by 40 million
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politicsof targeted VAT reductions in certain goods, although it remains against the prospect of a blanket... to the VAT rate for just certain basic goods being reduced temporarily, although such a move... for Greece to achieve a primary surplus of 1.5 pct next year and 2.2 pct thereafter, which translates
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Newsletter 429 - 28/06/2024
path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct... and oversight in the Greek market, lowering the VAT rate on certain goods would not have the desired outcome as it would lead to higher profits and not reach prices, essentially also harming the VAT intakes
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Reports raise questions about some economic policy decisions
EconomyMacroeconomyand rather stable growth path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct... competition and oversight in the Greek market, lowering the VAT rate on certain goods would not have... the VAT intakes and the fiscal outcomes. Some positive developments on the fiscal front came from
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Newsletter 442 - 22/11/2024
, the Greek economy is expected to grow by 2.2 pct this year, essentially unchanged from the 2.3 pct of last... revenues. VAT in particular, is expected to bring in 25.34 billion euros in 2024 and 26.67 billion... supermarkets themselves, to reduce VAT rates for certain goods, as supermarkets owners argue
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