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  1. Clock ticks on prior actions as coalition searches for solution on islands
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    Another area of concern for the government is the imminent increase of VAT on the Aegean islands... will examine the possibility of maintaining the discounted VAT rate on the larger islands affected

    5%

  2. Tusk proposals over refugee quotas puts Athens on alert ahead of EU summit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to put off plans to scrap the 30 percent discount on VAT that has been in place on many Aegean islands. The government is considering whether the lower VAT rate may at least be maintained for another

    5%

  3. Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , and VAT by 4.3 percent. For direct tax subcategories, property tax revenues fell by 3.1 percent... by 4.6 percent. Revenues from VAT increased by 5.2 percent and beat the target by 23 million euros

    5%

  4. Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion. The VAT collectability rate improved to 86.6 percent compared to 81.1 percent in November... to 74.1 percent in 2016. Overall, the monthly rate of collectability rose for VAT and ENFIA and fell

    5%

  5. New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the more marginal rise of 693 million noted in January. The VAT collectability rate declined to 80.2 percent from 83.4 percent in January. The amount of VAT due eased to 1.04 billion in February, down

    5%

  6. New overdue taxes up by 776 mln in March, total stock at 101.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    seen in the previous month. The VAT collectability rate increased to 82.5 percent from 80.2 percent in February. The amount of VAT due in March eased significantly to 586.9 million compared to 1.04

    5%

  7. Tsipras waits on name issue and debt talks, Mitsotakis pledges tax cuts for tourism
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    reduce VAT for the food service sector to 13 percent. This was a popular measure implemented... two VAT rates: 22 and 11 percent, with tourism-related services being in the lower bracket. He said

    5%

  8. New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month

    EconomyMacroeconomy

    month. The VAT collectability rate edged down to 85.3 percent from 85.7 percent previously. The amount of VAT due came to 896.1 million, falling against April’s figure of 1 billion. Income tax due fell

    5%

  9. Greek tax rate hikes among highest in OECD countries, tax report shows
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    . Broken down by component, social contributions, VAT, taxes on goods and services and taxes on property... billion euros, a rise of 89.7 percent. VAT revenues showed an increase of 45.9 percent and rose from

    5%

  10. Tsipras looking to build momentum for elections after vote on name deal
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    months the VAT discount on the five Aegean islands affected by refugee flows - Leros, Lesvos, Kos, Samos and Chios. The reduced VAT rate was due to be raised to be in line with the rest of the country

    5%