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  1. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    non-tax revenues showed the highest outperformance. In contrast, VAT on fuel, liquidity support.... After a temporary hike in May, VAT revenues decreased by 17.6 percent in June, with the 6-month

    3%

  2. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    ) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent..., trimming the solidarity levy by 30 percent and retaining the VAT rate for food and accommodation services

    3%

  3. Troika document reveals thorny issues, coalition's commitments to conclude review
    Photo by MacroPolis

    EconomyProgramme

    of GDP in 2014 and 2015 respectively. Greece has proposed a number of measures such as increasing the VAT.... Commitment to legislate a comprehensive reform of the VAT policy and administration, further modernize

    3%

  4. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    in the 11-month period is almost equally split between VAT revenues and consumption taxes, which decreased by 1.7 and 4.4 percent respectively. However, the MoF stressed that VAT revenues as well as excise

    3%

  5. Newsletter 14 - 06/02/2015

    Newsletters

    government felt were not politically feasible, such as further rises in VAT, in return for receiving... note the government intends to reduce the higher VAT rate of 23 percent and impose special tax

    3%

  6. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    to the MoF, the revenue shortfall is attributed to the extension of the VAT payment until the end... Valavani urged taxpayers to pay their VAT and single property tax (ENFIA) instalments for January

    3%

  7. Greece sets out broad reform plan for lenders' approval

    EconomyProgramme

    VAT policy reforms to improve collection and fight evasion. VAT policy will be rationalized

    3%

  8. Newsletter 17 - 27/02/2015

    Newsletters

    , three ministers gave three different messages about what the government plans to do with VAT.... These included reforms for pensions, VAT, opening up closed sectors, privatisations and the labour market

    3%

  9. Greece: The gathering storm
    Photo by Harry van Versendaal

    Agora

    plans to do with VAT. On the same day, Finance Minister Yanis Varoufakis suggested that Greece would... in enough detail. These included reforms for pensions, VAT, opening up closed sectors

    3%

  10. Greece submits reform proposals but Eurogroup unlikely to be moved

    EconomyProgramme

    and relates to ‘onlookers’ VAT evasion-fighting scheme with large numbers of causal ‘onlookers’ to assist the fight against VAT evasion. Varoufakis proposes large numbers of non-professional inspectors

    3%