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  1. Greek 2017 budget reveals size and source of extra tax burden
    Photo by Panayiotis Tzamaros/Fosphotos

    Agora

    in 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

    5%

  2. Tsipras wins domestic support for pension bonus but key struggles lie abroad
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    announced 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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  3. Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    VAT 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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  4. Strike legislation, auctions present Athens with challenges in wake of SLA
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of 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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  5. Newsletter 143

    Newsletters

    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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  6. Budget primary surplus at 4.65 bln in 11-month on lower expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in 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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  7. New overdue taxes rise by 766 mln in Jan, total stock at 99.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    against the previous month’s figure of 1.26 billion. The VAT collectability rate fell to 83.9 percent compared to 86.6 percent in December. The amount of VAT due came to 1.29 billion in January compared... of collectability declined for VAT, rose for personal income, and remained roughly stable

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  8. New overdue taxes rise by 599 mln in April, total stock continues to grow
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    pace, increasing by 356 million compared to the rise of 708 million seen in the previous month. The VAT collectability rate increased to 85.7 percent from 82.4 percent in March. The amount of VAT due...-year statute of limitations for tax bureau investigations into income and VAT violations before

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  9. No bounce for Tsipras in poll as cracks appear in centre-left
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    a minor fiscal impact given that the discounted VAT rates only apply in the five islands that are most... their VAT rates increase at the beginning of the year. Tsipras vowed that the lower VAT would apply

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  10. Tax cuts set to lead package of post-MoU pledges by Tsipras
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    will include a cut in VAT on food service to 13 percent (costed at 350 million euros); reductions of up... of the ENFIA levy by 30 percent in his first two years in power. He also pledged to reduce the VAT... leader said that he would ultimately like there to be just two VAT rates in Greece: 22 and 11

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