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  1. Greece submits proposals to lenders in hope of paving way for agreement

    EconomyProgramme

    key proposals: VAT The Greek proposal agrees the institutions’ proposal for a super-reduced VAT rate... and water (excluding sewage), while all other products and services will have a VAT rate of 23 percent... the VAT on islands, the government proposes the elimination of the 30 percent discount by the end

    7%

  2. Newsletter 43 - 18/09/2015

    Newsletters

    to the imposition of a 23 percent VAT rate on tuition fees at private schools and tuition centres, a measure voted in the Greek Parliament on August 13 to counterbalance the lowering of the VAT rate on beef. According to the General Accounting Office, this particular VAT revenue is anticipated to raise

    7%

  3. New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln

    EconomyMacroeconomy

    key taxes, namely VAT, corporate income tax and single property tax (ENFIA). In specific, VAT... billion of monthly unpaid taxes. Four key taxes (VAT, personal and corporate income tax and ENFIA) created a revenue gap of 3.32 billion in the 10-month period, of which around 1.5 billion relates to VAT

    7%

  4. New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    of overdue debt created in November stemmed from four key taxes: VAT, personal and corporate income tax... to a collectability rate of 67.3 percent, which is the lowest rate among the four key taxes in November. VAT... of 1.06 billion due. The VAT collectability rate stood at 82.4 million. The ENFIA revenue gap

    7%

  5. Mandatory e-payments come into force as Greece seeks to boost card use further
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyFeatures

    to combat tax evasion and boost VAT revenues. Paying by card has historically been unpopular in Greece..., and the consequences in terms of bringing in more tax revenues, especially VAT, were clear. According... for, a sharp rise in VAT collections could be tied to this increase in card payments, the BoG noted

    7%

  6. Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    VAT rate on the remaining five Aegean islands. He said that the eurozone bodies had been taken... following the recent European Council. Tsipras said at the time that the reduced VAT would be kept as long... by the fiscal implications of the lower VAT rate as the increase is only expected to yield 24

    7%

  7. Athens moves ahead with expansionary measures as it waits for lenders' response
    Photo via Fosphotos

    EconomyProgramme

    by Athens. The amendment for an immediate reduction in VAT from 24 to 13 percent on food products and food... and the VAT reductions 441 million euros), when the fiscal space is 1.14 billion euros. On top of that, Tsakalotos suggested on Tuesday morning that VAT on coffee and beverages sold at supermarkets would

    7%

  8. EC warns budget not on track due to handouts, advises against further underspend
    Photo by MacroPolis

    EconomyProgramme

    of voter-friendly measures that included a bonus pension and lower VAT rates for a number of processed... would partially offset the lower revenues from the VAT reduction. European technocrats believe..., lowering the VAT will only raise Greece’s VAT gap which is already the second highest in the EU

    7%

  9. April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct

    EconomyMacroeconomy

    such as the suspension of VAT payments and the assessed debts to the companies affected by the pandemic, as well as the provision of a 25 percent discount as an incentive if they paid their debts on time (VAT... against the target were noted in Other Taxes on Production (-529 million euros), VAT on other goods

    7%

  10. Party leaders dispute response to cost-of-living crisis

    PoliticsGreek Politics

    . SYRIZA is also proposing to permanently cut VAT and other consumption taxes on fuel, basic goods... derailment and default. The premier insisted that measures such as reducing or scrapping VAT for certain..., the government has kept VAT on transport, coffee, non-alcoholic beverages, cinemas and tourism

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