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  1. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    , indirect taxes eased 3.8 percent to 5.44 billion, stemming from a moderate drop in VAT revenues... of target by 457 million, equally split between VAT and consumption taxes. On specific revenue... given until April 30, while VAT and excise tax on fuel underperformed targets by 288 and 137 million

    6%

  2. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    euros, down 1.4 percent. They remained in line with the target. VAT and consumption taxes also...: personal income tax (by 416 million), other non tax revenues (by 451 million), VAT (by 145 million... involve: corporate income tax (by 479 million), other income tax (by 126 million), VAT of fuels (100

    6%

  3. 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

    6%

  4. 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

    6%

  5. Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct

    Economy

    reflects weak income tax and revenues from VAT. In particular, income tax plummeted 47.5 percent to 519 million euros, 479 million short of target, while VAT dropped 16.3 percent to 1.33 billion, 321 million lower than target. The revenue shortfall stems from the extension of the VAT payment until

    6%

  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

    6%

  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

    6%

  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

    6%

  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

    6%

  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

    6%