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Taxes
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Economy
Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014.
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EconomyMacroeconomy
Gap of 555 mln emerges in three key taxes in July ahead of a crucial September for revenues Along with the release of unpaid taxes on Monday, the General Secretariat of Public Revenues (GSPR) provided an update on the collection of key taxes, namely personal and corporate income tax and VAT, in July.
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EconomyMacroeconomy
New overdue taxes increase by 811 mln in July, total stock at 90.4 bln Greece’s new unpaid taxes rose by 811 million euros in July 2016, which is a decelerating pace compared to the increase by 1.22 billion euros recorded in the previous month, General Secretariat of Public Revenues (GSPR) data showed on Monday.
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EconomyMacroeconomy
Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July Greece’s budget primary surplus fell by 4.4 percent to 3.55 billion in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) final budget execution bulletin displayed on Friday. Preliminary figures were released on August 16.
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EconomyMacroeconomy
Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln Greece’s central government primary cash surplus fell by 607 million euros to 2.38 billion in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Property tax notices for 2016 to be issued, collection target remains same The notices for the single property tax (ENFIA), one of the most significant individual taxes in Greece, are due to be published on Thursday August 18, according to a General Secretariat of Public Revenues (GSPR) announcement.
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EconomyMacroeconomy
Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln Greece’s budget primary surplus slipped by 3.8 percent to 3.57 billion euros in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln Greece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday.
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EconomyMacroeconomy
New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln Greece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSPR) data displayed on Thursday.
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EconomyProgramme
Finance Ministry says revenues beat revised target by 105 mln in July In response to Wednesday’s press reports noting that net revenues in July fell short of their target by more than 500 million euros, the Finance Ministry (MoF) clarified via a non-paper that July revenues actually outperformed, but compared to a revised target.