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  1. Government strives to prevent farmers' protests gathering pace as flood costs spiral
    Photo by MacroPolis

    PoliticsGreek Politics

    . They include tax-free fuel, scrapping of VAT on supplies, suspension of seizures and foreclosures... days, the local media has been reporting that the authorities face a severe funding gap in terms

    7%

  2. Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion in 2024, with taxes rising to 68.72 billion euros, from 66.25 billion this year. VAT will rise... for investments in the wake of the government repeatedly missing its target for inward funding during

    7%

  3. Accommodation and food services index up 7.6 pct in Q3
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , the recent government proposal to double the hotel VAT rate to 13 percent, aligning... that the hike in the VAT rate has a direct positive impact on VAT revenues by at least 350 million euros... from doubling the VAT rate would lead to 2.6 million fewer tourist arrivals next year, with travel

    6%

  4. Where the key differences between Greece and the institutions lie

    EconomyProgramme

    of disagreement relate to VAT, pensions and fiscal measures and to a lesser extent labour market. VAT On VAT, the headline figures indicate a tiny difference of 0.07 percent of GDP with institutions... in the three VAT rates, the two sides differ in the two upper rates of 13 and 23 percent

    6%

  5. First visit by quadriga to Athens leaves series of issues unresolved

    EconomyProgramme

    of prior. Fiscal A key issue on the fiscal front relates to VAT on private education, with the quadriga sticking to the European Commission (EC) directive calling for either zero VAT or the regular rate... proposal and the one that was legislated in mid-August imposing a uniform VAT rate of 23 percent on all

    6%

  6. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    by 14.3 percent to 2.19 billion euros with VAT up 10.6 percent to 1.46 billion and consumption taxes soaring 31.6 percent to 654 million. VAT revenues in particular reached 1.46 billion in October from 1-1.1 billion in the preceding two months and reflect the quarterly VAT payment for the majority

    6%

  7. The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
    Photo via Greek Finance Ministry

    EconomyProgramme

    the fiscal target of 0.5 percent of GDP. The key ones are: 1) VAT streamlining (900 million) following the reshuffling of VAT rates last July and the abolition of the 30 percent discount of VAT rates... column on OPAP games (190 million), a measure decided in November to offset the non-imposition of a VAT

    6%

  8. New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln

    EconomyMacroeconomy

    on the evolution of key taxes showed VAT created a gap of 155.89 million since 894.15 million were paid.... Overall, collected revenues from VAT and corporate income tax were around 245 million lower than those due... to VAT, almost 400 million to personal income tax, 340.9 million to ENFIA and 191.3 million

    6%

  9. New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    taxes: VAT, single property tax (ENFIA), personal and corporate income tax. Personal income tax created... of this year was due to be paid. VAT created a revenue gap of 97.1 million euros in September. Its... in the 9-month period: 1.28 billion relates to VAT, 790 million to personal income tax, 502 million

    6%

  10. New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) data revealed on Monday. The figures showed that VAT and the single property tax (ENFIA) created... to VAT. However, the number of tax debtors fell by around 165,800 to 4.15 million in December, after... overdue taxes stemmed from four key taxes, namely VAT, personal and corporate income tax and ENFIA

    6%