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  1. Govt proposes property VAT reduction to kickstart home sales

    EconomyFeatures

    The government is taking measures to reduce the VAT on all properties built from 2006 onwards... homes onto the market without a VAT of 24 percent for the next three years. The announcement... the measures on VAT, the new government promoted a business-friendly image from the moment they launched

    30%

  2. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    . The rebound next year largely stems from higher VAT revenue growth (+6.1 percent), while consumption... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... in the 2-year period. On the revenue front, the key interventions involve: VAT streamlining

    29%

  3. Budget primary confirmed at deficit of 18.20 bln in 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    by category, other current taxes were below target by 615 million or 26.1 percent. VAT on petroleum... euros was received in revenues from ANFΑs, which weren’t included in the estimate from the last

    28%

  4. Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    six months, higher than the target by 88 million euros. VAT and consumption taxes contributed... 611 million euros in compensation to lessors due to decreased rents; 155 million euros for the grant

    28%

  5. Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    taxes (VAT, excise taxes etc.). VAT revenues amounted to 4.44 billion, 127 million higher than

    28%

  6. Primary surplus at 4.37 bln up to March thanks to deferred spending, VAT intakes

    EconomyMacroeconomy

    are 685 million euros above the target. Taxes overshot the target by 308 million euros. VAT revenues... amounted to 1.03 billion. VAT revenues beat the target by 438 million euros. Income tax revenues came

    28%

  7. Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
    Finance Ministry

    EconomyMacroeconomy

    thanks to 829 million euros over-performance in property tax ENFIA due to earlier collection. VAT intakes

    26%

  8. Final budget execution for June affirms solid revenues, driven by VAT and income tax
    Photo by MacroPolis

    EconomyMacroeconomy

    estimated to be collected in September and October respectively, as the ministry outlines. VAT revenues

    26%

  9. VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
    Photo by MacroPolis

    EconomyMacroeconomy

    . VAT revenues beat the target by 1.15 billion euros. ENFIA was above the target by 1.25 billion euros

    26%

  10. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    estimated to be collected in September to December. VAT revenues beat the target by 1.45 billion euros

    26%