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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeGreece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which... night, explaining for the first time in public what the new VAT system might look like. Greece has currently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel
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Is VAT all you've got?
Agorathe most of the skeptical troika finally giving in on a longstanding Greek demand for VAT in the food... that the troika had begun listening to Greece. Indeed, the VAT reduction represents something.... The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeraised objections to the way in which Athens decided to extend the discount on VAT on five Aegean... consultation over the decision not to increase the VAT rate on the five islands in question at the end of June... the VAT rate on five islands,” said ESM managing director Klaus Regling after Thursday’s meetings
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Newsletter 210 -07/06/2019
corporation tax from 28 percent to 20 percent (along with lower VAT and dividends tax) and slashing... to the previous month, the index fell by 3.3 percent April’s figure was driven by declines in three out of five... months. Month-on-month (MoM), the index declined by 3.3 percent after a downward revised increase of 0.1
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New Democracy seeks to counter with marine parks and migration policy, rhetoric
PoliticsGreek Politicsof migrants. On Saturday, for instance, he posted on X that: “The illegal immigrants who entered from Libya... to take this emergency action after a massive increase in arrivals from Libya on Crete and nearby
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Newsletter 323 - 14/01/2022
in January. There has been disagreement within the government about whether VAT on some goods should... not intend to reduce VAT but that its plans for tax cuts have not run their course yet. Opposition... of the minimum wage to 800 euros, cuts to VAT on basic goods and excise duty on fuel, an intervention
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Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct
EconomyMacroeconomyof 12.3 percent in 2022. Volumes in 2023 dropped by 3.3 percent in 2023. Retail sales had been growing... percent. The inflationary effects are reflected in volumes, with fuels up by 3.3 percent, a 5.4 percent
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Car sales remain strong, rising by 3.3% YoY up to May
EconomyMacroeconomyby 5.9 percent YoY. Passenger cars rose by 3.3 percent, with the absolute figure standing at 23,851..., road motor cars rose by 3.3 percent annually. Passenger cars were up by 2.3 percent, lorries
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economyprovided in the press report. Revenues from tax offices, including VAT and single property tax (ENFIA) revenues, are higher from last year but lower than target. In January VAT revenues reached 1.33... to the one-month extension provided to taxpayers to pay their obligations. VAT revenues
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Athens hoping EU diplomatic drive will defuse latest Aegean crisis
PoliticsForeign Policyby the agreement Ankara made with Libya last year, and which Athens has described as null and void..., Peter Stano, the spokesman for the EU’s foreign policy chief Josep Borrell, said Greece’s request
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