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  1. Two years on, Greek government ready to give up on higher heating fuel tax

    PoliticsGreek Politics

    on the respective VAT revenues, which more than offset the increase posted in the excise tax revenues..., the 10-percentage-point reduction (from 23 percent to 13 percent) in the VAT rate applied to food

    5%

  2. 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

    5%

  3. 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

    5%

  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

    5%

  5. 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

    5%

  6. Accommodation and food services turnover jumps 22.2 pct in Q4 2014

    EconomyMacroeconomy

    framework, mainly related to VAT on islands and hotel services. According to SETE a potential change in the VAT rates in either of the two sectors would have a negative impact on the anticipated volumes

    5%

  7. Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues

    Economy

    to the payment of VAT, which was initially due in January but its deadline was extended by month. However, since the VAT underperformance in January stood at 321 million, it would be reasonable

    5%

  8. Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    things a stable tax framework, mainly related to the VAT rates on islands and hotel services, is a key... is considering increasing the VAT rates in some cosmopolitan islands such as Mykonos and Santorini.

    5%

  9. Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure

    EconomyMacroeconomy

    in VAT and consumption taxes by 5.4 and 15.7 percent respectively. However, the 3-month indirect taxes eased 0.4 percent to 5.41 billion, 233 million short of target, largely due to VAT, which slipped

    5%

  10. Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers

    EconomyProgramme

    with estimated revenues of 50 – 70 million euros for 2015. 6) Improvement of the VAT collection mechanism through... in the VAT rates, pension and labour market interventions as well as the settlement of non-performing

    5%