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  1. The measures Greece is proposing to secure troika's return

    EconomyProgramme

    measures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent..., with yearly cost savings seen at 82 to 123 million 3) Increase of the VAT revenues through... more in VAT revenues. The government has also proposed some changes to the pension system, which

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  2. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst

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  3. Newsletter 15 - 13/02/2015

    Newsletters

    , this is mostly due to extending the quarterly VAT payment by one month, until the end of February... their VAT and single property tax (ENFIA) obligations for February as normal, but to do so... revenues are seasonally high due to quarterly VAT returns, while the respective targets

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  4. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    lower income tax and VAT revenues. The Finance Ministry (MoF) attributed the bulk of the slippage to the deadline for the VAT payment being extended until the end of February by the previous government... indicate that the revenue gap remained broadly unchanged in February, implying that VAT payment

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  5. A breakdown of the fiscal and structural reforms Greece hopes will unlock funding

    EconomyProgramme

    audits on bank transfers abroad (725 million euros), fight against VAT fraud (350 million), public...), a Portuguese-style VAT lottery scheme (270 million), tackling fuel and tobacco smuggling (250 million... deficit clause. It does not plan to follow the previous government’s pledge to increase VAT rates

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  6. Greece sees deal by June 5 but size of gaps tells different story
    Photo by R/DV/RS via Flickr https://flic.kr/p/4JYvg5

    PoliticsGreek Politics

    . It also sees convergence on the planned VAT overhaul. However, the two sides are still said to be 1..., who told MNI that Greece has to find another 1.8 billion euros from changes to VAT this year... VAT brackets there will be (Greece wants three and its lenders two), let alone what the new rates

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  7. Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    PoliticsGreek Politics

    defeat on changes to VAT rates. Athens had wanted to minimise the impact of changes, keeping three.... The other two brackets are 13 and 23. The change in VAT will be the biggest single revenue raiser from... would not accept an increase of 10 percentage points in the VAT on electricity. The other specific

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  8. The key points from Greece's proposal to lenders

    EconomyProgramme

    in 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13... in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from

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  9. Greece and lenders fail to bridge their differences in Brussels

    PoliticsGreek Politics

    a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... stemmed from an upward revision of VAT revenues to 1.3-1.4 billion by increasing the low rate to 6.5... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes

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  10. Greece's updated proposals to lenders and how they compare to previous efforts

    EconomyProgramme

    includes four pillars: VAT, pensions, corporate and income tax and other measures. We present below the interventions in each pillar. VAT Revenues from reshuffling of VAT rates remain unchanged at 680

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