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  1. Newsletter 34 - 10/07/2015

    Newsletters

    . The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... sources, local media indicate credit card usage has surged by 50 percent in the last two weeks, mostly... of bank loans, which is having a direct and indirect impact on bank revenue, credit quality and non

    17%

  2. Newsletter 90 - 30/09/2016

    Newsletters

    in the eight-month period, of which 1.18 billion relates to VAT, almost 400 million to personal income tax.... Meanwhile, BoG data also showed credit contracted 1.7 percent in August, with balances decreasing... and household lending sectors, respectively. It is worth noting that credit contraction continues unabated

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  3. Second review to resume in Athens under severe time pressure
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    other proposals, the World Bank highlights that the elimination of several tax credit measures are expected to yield 294 million euros in 2016, while the reduction of the personal income tax credit...-offs, while VAT debt will be excluded from any write-off. There are also several other key actions

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  4. Newsletter 99 - 09/12/2016

    Newsletters

    Global Wealth Report, published by Credit Suisse, showed wealth in Greece fell for the third.... The premier also said that the government would freeze plans to increase the VAT rate... a repayment obligation to the Fund; an unprecedented credit event for a European IMF member

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  5. Another spin of the wheel for Greece
    Ferris Wheel at Syntagma Square

    Agora

    and credit cards and a sharp rise (18 percent in Q1 and 15.9 percent in Q2) in VAT collectability... struggling to find a path to economic recovery. Liquidity remains out of reach as the credit contraction

    17%

  6. After holiday hiatus, Athens tries to get review moving again
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    income tax. This threshold corresponds to a tax credit of 1,900 euros for incomes below 20,000 euros. A report by the World Bank on the social welfare review last October noted that if the tax credit... announced the handouts to pensioners and the suspension of the VAT increase on certain islands before

    17%

  7. Newsletter 121 - 02/06/2017

    Newsletters

    to 600 million euros. When deducting the corresponding VAT, the net proceeds for Greece’s... Parliament. The economic closure is estimated by the end of the year. The pace of credit contraction... with net deductions of 20 million in the 4-month period. Since the beginning of 2011, credit

    17%

  8. Newsletter 132

    Newsletters

    it with the precautionary credit line that the New Democracy-led government was in discussions about in 2014... is unlikely to ask for the activation of a credit line. On the same day, spokesman Dimitris... the threshold for submitting VAT declarations to 25,000 euros and to introduce an initial tax rate of 9

    17%

  9. Capital controls to be loosened further, restrictions on foreign cash removed
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    credit institutions, which must be declared in a written statement. It will also be possible after.... Transactions from branches of credit institutions by legal entities or businesses, destined for overseas... collection and VAT rates were noted as more people switched to paying by card rather than cash, and deposits

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  10. After reaching SLA, Athens focuses on prior actions and next bond issue
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    agreed that the Greek authorities would set up a credit bureau that will provide credit scores based... longer a decision on scrapping the VAT discount that applies on several Aegean islands. The discount

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