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Newsletter 410 - 02/02/2024
consumption tax on fuel for farming and reducing the relevant VAT rate from 24 to 6 pct. Although Greek...-free fuel, scrapping of VAT on supplies, suspension of seizures and foreclosures, lower energy costs
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Budget starts new year on track, timing factors lead to 1.16 bln outperformance
EconomyMacroeconomy, there was a better performance in the collection of the current year’s taxes, notably VAT. VAT revenues amounted
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Parties get salty over cheese prices as cost of living debate heats up
PoliticsGreek Politicsprofit margins for food, industrial goods and farm supplies and a permanent cut to VAT and other... that adopting such policies would lead to default. VAT on food products brings in between 2.5 and 3
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Mitsotakis hints at post-election policy tweaks to address economic concerns
PoliticsGreek Politicsas businesses for VAT purposes and imposing a climate change levy on overnight stays. Mitsotakis said... and lead the economy back into crisis. The ND leader said there was no scope to axe VAT or bring back
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Newsletter 428 - 21/06/2024
was to bring prices for consumers down. Mitsotakis added the government had decided to maintain low VAT... political commitments. In addition to the targeted VAT freeze, Finance Minister Kostis Hatzidakis
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Newsletter 429 - 28/06/2024
and oversight in the Greek market, lowering the VAT rate on certain goods would not have the desired outcome as it would lead to higher profits and not reach prices, essentially also harming the VAT intakes
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Reports raise questions about some economic policy decisions
EconomyMacroeconomycompetition and oversight in the Greek market, lowering the VAT rate on certain goods would not have... the VAT intakes and the fiscal outcomes. Some positive developments on the fiscal front came from
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Tough choices ahead for Mitsotakis, as reforms risk irking voters
PoliticsGreek PoliticsStefanos Kasselakis reigniting the row over VAT through a social media post on the price of coffee. Kasselakis accused the prime minister of misleading the public with promises of reduced VAT, which
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Newsletter 442 - 22/11/2024
revenues. VAT in particular, is expected to bring in 25.34 billion euros in 2024 and 26.67 billion... supermarkets themselves, to reduce VAT rates for certain goods, as supermarkets owners argue
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Mitsotakis dangles carrot of more tax cuts as SYRIZA heads for leadership vote
PoliticsGreek Politicsare urging the government to reduce VAT rates and bring them closer to the EU average. The retailers argue... to reducing VAT, arguing that consumers will not see any gains as supermarkets and other retailers
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