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New overdue taxes rise continues to decelerate, total debt at 104.73 bln
EconomyMacroeconomyto 3.36 billion euros compared to 2.93 billion in May. The VAT collectability rate came to 85.9 percent in June. The amount of VAT due came to 772 million, increasing from 1.84 billion in the previous month. On an aggregate basis, in the first half of 2019, the VAT collectability rate came to 84.3
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesand the construction sector. These include a three-year freeze on VAT on property transactions and on capital gains derived from property. VAT on real estate applies to new build properties, and the freeze will apply.... In addition to tax credits for children, there will be a lower VAT rate on baby goods, as well
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyof tax relief measures such as the suspension of VAT payments and the assessed debts... as an incentive if they paid their debts on time (VAT and assessed taxes). State budget net revenues came... below the target by 1.60 billion euros. VAT revenues in particular missed their target by 1.10
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Budget primary balance confirmed at deficit of 6.10 bln in June
EconomyMacroeconomysuch as the suspension of VAT payments and the assessed debts to the companies affected by the coronavirus... on time (VAT and assessed taxes). State budget net revenues came to 19 billion euros... euros. VAT revenues missed their target by 1.39 billion euros during the first six months
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Newsletter 329 - 25/02/2022
in Spanish VAT, and questioning why the Greek government is not taking any further action beyond... Athens to temporarily reduce VAT on some goods from 13 to 6 percent or to bring down the special... to VAT back on the table amid concerns about how the effects of the war in Ukraine could filter
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Newsletter 352 - 23/09/2022
execution for July, shows that tax receipts from VAT are above their target by 1.15 billion euros, thanks to higher VAT on fuels by 257 million euros and VAT on other products and services up by 900 million... and a stronger labour market, much of the VAT performance is led by the inflation wave, which has
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Opposition clashes with govt over high energy prices, cost-of-living measures
PoliticsGreek Politicsto emulate the approach taken by Spain, which recently announced that it would be cutting VAT... ahead rather than the spot market. Responding to opposition calls for a freeze in VAT and other... compared to a VAT cut which would save them 36 euros. The government maintains that only a portion
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Newsletter 383 - 02/06/2023
outperforming considerably over the last year and half. This year alone, VAT on goods and services..., lower VAT rates in the short term are the answer. ND believes temporary stipends, like the Market Pass, are more appropriate. ND also notes that VAT interventions did not have the desired effects
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Where is Greek growth coming from?
Agoragovernment, via its receipts of indirect taxes (VAT etc.) minus subsidies. The results are, again... taxes are booming in Greece and not in other countries. That VAT etc. is being used as an adjustment... that the country is mismanaged when a party in office adjusts the deficits by collecting more VAT
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Newsletter 475 - 12/09/2025
designed to boost compliance. Remote islands will enjoy extended 30 percent VAT cuts, and nearly... Mitsotakis’s own policies stoked, and of ignoring VAT cuts on basic goods that would have delivered... for not implementing lower VAT directives, his opponents pounced on what they call arrogance and a rigid refusal
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