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  1. New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in February. The VAT collectability rate came to 87.3 percent in March. The amount of VAT due came to 356.5 million. For the first three months of the year, the VAT collectability rate came to 81.3 percent

    5%

  2. Short-term fix for electricity bills leaves open questions for green transition strategy

    Society

    waived VAT on electricity bills. VAT and other taxes account for around 22 pct of household electricity bills in Greece, of which VAT is 6 pct, putting it significantly below the European average

    5%

  3. Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    of the tax year 2020, increased VAT revenues mainly thanks to tourist activity, as well as the first instalment of ENFIA property paid by the end of September being higher than expectations. Various VAT... tax above target by 346 million euros, personal income tax up by 262 million and VAT on other products

    5%

  4. Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
    Photo by MacroPolis

    EconomyMacroeconomy

    and corporate income tax concerning the declarations of the tax year 2020, increased VAT revenues mainly thanks to tourist activity. Various VAT, consumption and income taxes categories outperformed up... tax up by 102 million and VAT on other products and services by 13 million euros and property related

    5%

  5. Nov budget data confirms tax revenue outperformance at 784 mln

    EconomyMacroeconomy

    personal and corporate income tax concerning the declarations of the tax year 2020, increased VAT revenues mainly thanks to tourist activity and energy price hikes. Various VAT, consumption and income tax... million euros, personal income tax up by 296 million and VAT on other products and services by 152

    5%

  6. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    . Transfers also beat the target by 513 million euros. VAT and consumption taxes on fuel, goods... for fuel VAT to 337 million for VAT of other goods and services. Personal income tax brought in 521

    5%

  7. Newsletter 325 - 28/01/2022

    Newsletters

    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

    5%

  8. Newsletter 326 - 28/01/2022

    Newsletters

    , 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

    5%

  9. Inflation triggers political machinations, move to increase budget spending
    Photo by MacroPolis

    PoliticsGreek Politics

    VAT 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

    5%

  10. Newsletter 367 - 27/01/2023

    Newsletters

    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

    5%