Search
-
Newsletter 325 - 28/01/2022
recovery observed in 2021. The rise in energy prices also saw higher intakes in VAT and special consumption... little room for talk of reducing VAT rates in response to the recent wave of inflation. Combined... sector incomes, at 799 million euros; and some reduced VAT rates for a total tax reduction of 2
8% -
Newsletter 326 - 28/01/2022
, reducing VAT on basic goods and increasing the minimum wage. KINAL focussed on the abolition..., had suggested that touching VAT for bread alone could cost the budget 160 million euros. During... of price hikes and all of them suggested reducing VAT and consumption taxes on food and fuel to relieve
8% -
Inflation triggers political machinations, move to increase budget spending
PoliticsGreek PoliticsVAT in catering and transport until the end of the year. Prime Minister Kyriakos Mitsotakis also hinted this week that the government could reduce VAT on food products temporarily to ease the burden... when the time comes to restore VAT on these products back to its normal rate, immediately prompting
8% -
Newsletter 367 - 27/01/2023
to 28.49 billion euros, led by VAT income of 18.76 billion euros and special consumption taxes of 7.07... prices, and therefore higher indirect taxes, because of the cost-of-living crisis. VAT intakes... the government to reconsider VAT rates for basic goods as it will help the most vulnerable households, while
8% -
Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomybillion euros seen this year. VAT and indirect taxes will continue to have a prominent role, reaching 35.17 billion euros, from 33.7 billion euros in 2023. VAT is expected to rise by more than 1... at 476 million euros, while the lower VAT regime on certain products and services has a fiscal
8% -
Parties turn focus on economy as PASOK struggles with election fallout
PoliticsGreek Politicscuts to VAT on the model of other European countries, claiming that the measure would be ineffective... had decided to maintain low VAT rates on takeaway drinks and taxi fares to avoid inflicting higher... prices without compromising its political commitments. In addition to the targeted VAT freeze, Finance
8% -
Newsletter 440 - 08/11/2024
is reducing the VAT rate. Elevated VAT revenues, boosted by inflated prices during the cost-of-living... rejected calls from the opposition parties to reduce indirect taxes, including VAT
8% -
PASOK tries to chip away at New Democracy's record on economy
PoliticsGreek Politicsby PASOK, who has argued in favour of cuts in indirect taxes like VAT, a policy which New Democracy has... in populism”, which featured a montage of older statements by the prime minister pledging to cut VAT... campaign of 2019, when he promised that if elected he would cut VAT in his first term. Androulakis
8% -
Androulakis presents vision for fairer Greece in response to PM’s tax cuts
PoliticsGreek PoliticsProgram, and regional fertility centres will offer free genetic material storage. VAT on essential..., and a VAT exemption threshold raised to 20,000 euros. Special financing channels will plug credit gaps... brackets over four years, and further VAT cuts on basic goods—backed by market reforms and strict
8% -
Despite lukewarm reaction, PM insists tax cuts will pave way to third term
PoliticsGreek Politicsmade by the opposition. He said he rejected opposition calls for VAT cuts based on a Bank of Greece... that despite his claims, many of the tax reforms are regressive, including keeping in place high VAT rates... companies and supermarkets and hurting the lowest earners by leaving VAT rates untouched. Communist
8%