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Higher Excise Taxes on Alcohol and Tobacco Result in Loss of State Revenue

Higher excise taxes on alcohol and tobacco are forcing consumers to turn to contraband products and subsequently lead to reduced state revenues, industry experts...

Tobacco Smuggling: Smoking the Taxes Away

More than 33 million packs of illicit cigarettes have been confiscated in the Greek and Cypriot customs at the end of January by the...

Financial Crisis in Greece Continues to Drive Consumers to Illegal Tobacco Products

With a steady increase of taxes on cigarettes, the state has fallen short of cashing in as the market share of illegal tobacco products...

ND: Taxes and Pension Cuts are Tsipras’ New Year’s Gifts

The government is ushering in the New Year with more tax hikes and pension and wage cuts for Greeks, New Democracy said in a...

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million Euros State Revenue

On Monday a new report by the Foundation for Economic and Industrial Research (IOBE) warned that the new tax hike to be placed on tobacco...

Greek Government Submits 2017 Budget, Including Many New Taxes

The 2017 state budget was tabled in Greek Parliament on Monday, projecting a 1.8% primary surplus and 2.6 billion euros in new taxes. According to...

Increasing Cigarette Tax Driving Consumers to Illegal Tobacco Market

According to sources, the Greek state has missed out on an opportunity to reap around 800 million euros in tax revenues due to tax...

13 Taxes That Need to Be Paid by January 2017

Tax Office Statements will meet most Greeks as they return from their summer vacations. On Monday, the first single property ENFIA taxes will be...

Greece to Impose €1.5 Bln Taxes to Unlock Loan Tranche

The Greek government has to impose 1.5 billion euros in taxes in order to unlock the next loan tranche and the multi-bill was tabled...

730-Million-Euro Losses by Illegal Tobacco Trade

The Foundation for Economic and Industrial Research (IOBE) noted on Thursday that any efforts to raise taxes on tobacco products in Greece will only lead...