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  1. Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros, beating the target by 608 million. VAT climbed 18.9 percent in August and 12 percent... in the local media had indicated a notable rebound in VAT revenues in the islands (Cyclades, Crete

    5%

  2. Greece's taxing challenges

    Agora

    obligations. While the ENFIA and VAT collection rates reached 83 percent and 81 percent last year... campaigned in favour of abolishing the tax, only to embrace it after taking office. VAT has been increased

    5%

  3. Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues

    EconomyMacroeconomy

    in September on the back of a soaring VAT revenues (+47.2 percent), while consumption taxes fell... million above target, mostly reflecting an outperformance of VAT revenues by 312 million, while

    5%

  4. Fiscal Council adopts 2017 budget forecasts with three reservations
    Photo by Panayiotos Tzamaros

    EconomyMacroeconomy

    . Moreover, the increased revenue collection from personal income tax, VAT and excise taxes... income tax estimated to increase by 14.5 percent to 9.17 billion euros, VAT by 5.2 percent to 15.48

    5%

  5. Lenders' reaction to pension pledge leaves Tsipras short of options
    Photo by Panyiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    million euros from Greece’s excess surplus to pensioners and to freeze the rise in VAT... in the week, his pledges on pensions and VAT appeared to be moves designed to give himself better political

    5%

  6. Athens settles pension handout row, looks for review progress
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and the extension until the end of 2017 of the discounted VAT rate on certain islands. On Christmas Day.... Moreover, the cost of the suspension of the increased VAT rate on Aegean islands, estimated at 50

    5%

  7. December retail sales seen down 2.5 pct amid tax onrush
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    as well as payment of VAT and tax on salaried work. “The constant and unexpected demands made... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions

    5%

  8. Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the target mostly due to VAT and consumption taxes’ overperformance of 303 and 198 million respectively. Specifically, VAT revenues rose by 10.1 percent to 15.01 billion, while consumption taxes increased

    5%

  9. Tsipras faces heavy lifting to finalise deal and get party approval
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    September), cutting VAT on electricity bills from 13 to 6 percent, reducing VAT on basic food products

    5%

  10. Athens grapples with awkward reduction of tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate... by 35 percent, lower taxes for self-employed and switch in the VAT rate for food services and catering

    5%