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  1. Nov budget data confirms tax revenue outperformance at 784 mln

    EconomyMacroeconomy

    personal and corporate income tax concerning the declarations of the tax year 2020, increased VAT revenues mainly thanks to tourist activity and energy price hikes. Various VAT, consumption and income tax... million euros, personal income tax up by 296 million and VAT on other products and services by 152

    6%

  2. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    . Transfers also beat the target by 513 million euros. VAT and consumption taxes on fuel, goods... for fuel VAT to 337 million for VAT of other goods and services. Personal income tax brought in 521

    6%

  3. Newsletter 326 - 28/01/2022

    Newsletters

    , reducing VAT on basic goods and increasing the minimum wage. KINAL focussed on the abolition..., had suggested that touching VAT for bread alone could cost the budget 160 million euros. During... of price hikes and all of them suggested reducing VAT and consumption taxes on food and fuel to relieve

    6%

  4. Inflation triggers political machinations, move to increase budget spending
    Photo by MacroPolis

    PoliticsGreek Politics

    VAT in catering and transport until the end of the year. Prime Minister Kyriakos Mitsotakis also hinted this week that the government could reduce VAT on food products temporarily to ease the burden... when the time comes to restore VAT on these products back to its normal rate, immediately prompting

    6%

  5. Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros seen this year. VAT and indirect taxes will continue to have a prominent role, reaching 35.17 billion euros, from 33.7 billion euros in 2023. VAT is expected to rise by more than 1... at 476 million euros, while the lower VAT regime on certain products and services has a fiscal

    6%

  6. Parties turn focus on economy as PASOK struggles with election fallout

    PoliticsGreek Politics

    cuts to VAT on the model of other European countries, claiming that the measure would be ineffective... had decided to maintain low VAT rates on takeaway drinks and taxi fares to avoid inflicting higher... prices without compromising its political commitments. In addition to the targeted VAT freeze, Finance

    6%

  7. PASOK tries to chip away at New Democracy's record on economy
    Image: https://pasok.gr/

    PoliticsGreek Politics

    by PASOK, who has argued in favour of cuts in indirect taxes like VAT, a policy which New Democracy has... in populism”, which featured a montage of older statements by the prime minister pledging to cut VAT... campaign of 2019, when he promised that if elected he would cut VAT in his first term. Androulakis

    6%

  8. Despite lukewarm reaction, PM insists tax cuts will pave way to third term
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    made by the opposition. He said he rejected opposition calls for VAT cuts based on a Bank of Greece... that despite his claims, many of the tax reforms are regressive, including keeping in place high VAT rates... companies and supermarkets and hurting the lowest earners by leaving VAT rates untouched. Communist

    6%

  9. Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

    Economy

    in September, on the back of the ongoing plunge in VAT revenues and consumption taxes by 11.6 and 4.1 percent respectively. The most notable underperformance was evident in VAT on fuel and excise tax

    5%

  10. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    for the full year. The latter stems from a 7.4 and 6.6 percent decrease in VAT revenues and consumption taxes respectively. Overall, 12-month indirect taxes were in line with target as slightly higher VAT

    5%