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Taxes
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EconomyProgramme
Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus The Greek government and the opposition have been given some encouragement in their goal to avoid the pre-legislated reduction of the tax-free threshold for incomes by European Commission vice president Valdis Dombrovskis.
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EconomyFeatures
Greece tax wedge rises two places to 13th highest among OECD countries, report finds The Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages are subject to.
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EconomyProgramme
IMF maintains outlook for economy, Athens readies scheme for unpaid taxes and contributions The International Monetary Fund (IMF) published on Tuesday its latest edition of the World Economic Outlook (WEO) ahead of the Spring Meetings that take place in Washington this week, leaving its projections for Greece’s key macro data unchanged from the first post-monitoring report issued in mid-March.
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EconomyMacroeconomy
General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln Greece’s general government (gg) primary cash surplus came to 2.91 billion euros in the first two months of the year, down by 272 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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Economy
IAPR annual data shows growing tax pile and pressure on middle-income taxpayers The Independent Authority for Public Revenue (IAPR) has released annual figures for 2018 which show the growing pile of tax debt owed to the state as well as increased measures to confiscate amounts due from debtors.
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EconomyMacroeconomy
New overdue taxes rise by 1.25 bln in Dec, total for 2018 at 106.62 bln The month-on-month rise in Greece's new tax debt came to 1.25 billion in December, increasing from November’s figure of 857 million data from the Independent Authority of Public Revenues (IAPR) showed this week.
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EconomyMacroeconomy
General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target Greece’s general government (gg) primary cash surplus came to 5.63 billion euros across 2018, down by 593 million euros compared to 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Outstanding tax refunds at lowest level in five years The Independent Authority for Public Revenue (IAPR) outlined in its December tax return report that in 2018 it achieved a significant reduction in the amount of tax refunds still outstanding.
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EconomyMacroeconomy
General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln Greece’s general government (gg) primary cash surplus came to 7.62 billion euros in the first 11 months of the year, up by 445 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
New overdue taxes rise by 857 mln in November, total legacy and new debt at 105.5 bln The month-on-month rise in Greece's new tax debt came to 857 million in November, declining from the increase of 995 billion noted in October, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.