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VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

Mon, 14 Sep 2020 09:30:00 GMT

to increase next year to above 31 percent due to the pandemic. VAT revenues rose by 4.4 percent between...The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion euros in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11

Greek pensions laid bare

Wed, 17 Jun 2015 13:23:00 GMT

of entitlement. The first alarm bells regarding its sustainability rang in early 1990 when it become obvious... pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since

First challenges for tourism plan, as public relaxes approach to virus

Thu, 04 Jun 2020 09:08:00 GMT

the government said would be treated as safe points of origin, created confusion and ambiguity...-risk by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed... and safety criteria”, adding, “the EASA list is our guide”. Currently, all arriving international

PM aims to divert OPEKEPE inquiry as he signs up to SAFE scheme

Tue, 29 Jul 2025 08:30:00 GMT

on the European Union’s SAFE scheme for defence and will now draw loans to boost its military capabilities... in the opinion polls, Mitsotakis is hoping that he can prevent his opponents building any momentum. SAFE activated Greece’s decision to tap into the EU’s new SAFE (Security Action for Europe) scheme, securing 1.2

Greek-Turkish tensions flare over Turkey’s bid to join SAFE

Mon, 20 Oct 2025 05:54:00 GMT

in the European Union’s SAFE (Security Action for Europe) programme - a 150-billion-euro lending... and expressed strong support for Turkey’s inclusion in SAFE. Johannes Wadephul described Turkey... that Germany imposes no restrictions on such collaboration. Turkey formally submitted its request to join SAFE

CPI falls by another 2.2 pct in July as VAT rises yet to be recorded

Fri, 07 Aug 2015 11:24:00 GMT

in the VAT rates applied as of July 20. This is because the price observations usually take place in the middle of each month. Thus, ELSTAT stresses that the implications from the VAT rate streamlining...) followed bymiscellaneous goods and services (-4.4 percent), transport (-3.5 percent), clothing

Newsletter 253 -05/06/2020

Fri, 05 Jun 2020 07:17:00 GMT

of VAT from 24 to 13 pct for a range of products and services as yet more businesses reopen... by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed... and safety criteria”, adding, “the EASA list is our guide”. One of the practical challenges of opening

VAT gap remains high as non-compliance overtakes revenue rise

Mon, 09 Sep 2019 09:09:00 GMT

The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues. Instead, non-compliance with VAT grew to effectively outstrip the increase in tax revenue. The VAT gap is a measure of VAT

Tsipras keeps bailout issues in safe hands but fails to inspire with new cabinet

Wed, 23 Sep 2015 07:46:00 GMT

Alexis Tsipras named a varied cabinet late on Tuesday night with three key characteristics: Ministers considered safe hands being appointed to bailout-related posts, ministers who had proved... a safe pair of hands, Deputy Prime Minister Yiannis Dragasakis, retains his position. Dragasakis

VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct

Mon, 24 Sep 2018 09:06:00 GMT

The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear... of the European Union countries surveyed, Greece fared among the worst in terms of its VAT shortfall, at 29.2 percent or 5.9 billion euros. The figures are based on data from 2016. The VAT gap is a measure