Finance Ministry
Business
Government Drafts Bill to Interconnect Tills Real-Time Data to Fin Min's Taxisnet System
The Greek government has drafted a bill on initiating the interconnection of tills and tax mechanisms with the Finance Ministry's online Taxisnet system in efforts to curb tax evasion and keep better tabs on the economy.
The new bill is set to go...
Economy
Fin Ministry Bill Gives Tax Breaks to Greeks Making Payments With Credit and Debit Cards
Taxpayers who use their credit and debit cards to make payments will be eligible to claim a tax-free threshold in 2017, according to a new bill drafted by the Finance Ministry and tabled in Parliament Monday night.
This means that...
Economy
Debts to State Increase as Many Greeks are Unable to Pay Taxes
Outstanding debts to the state keep growing by the month as Greek taxpayers are unable to meet their obligations, according to finance ministry figures.
In October, taxpayers failed to pay 1 billion euros in taxes, while the total of the...
Greece
Over 600,000 Households Have to Wait Until February for Heating Oil Allowance
Over the past several years, Greeks have had to cut corners and spending on modern conveniences in order to make ends meet due to rising taxes, slashed wages and pensions.
According to a 2015 survey by the Greek Ombudsman, a constitutionally...
Economy
Debt Talks Begin With Bailout Creditors: 9 Days for a Deal
The first meeting between Greek government delegates and Greece's bailout creditors from the EU and the IMF took place on Tuesday to discuss the reforms and cutbacks that creditors have demanded. Energy Minister George Stathakis participated in the talks despite the fact that he has...
Greece
Finance Ministry Announces Owners to Pay Extra Taxes on Properties Rented Online
According to Greece's Finance Ministry, new plans are underway for property owners who rent properties via sites such as Airbnb, HomeAway, FlipKey and HouseTrip.
The new regulations to be put into place will fine owners 50,000 euros if they do...
Greece
Will Creditors Approve Government's Plan of Incentives for Making Credit Card Purchases?
According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has a 12 point plan as a part of a long-awaited bill with incentives to increase...
Economy
New Debts to the Private Sector Pile Up as Greek Government Repays Previous Debts
While the Greek government has begun to repay its debts to the private sector, new debts are starting to pile up, according to the Finance Ministry.
Based on the data provided, at the end of September the amount of arrears...
Economy
Foreign Envoys to Propose More Austerities Claiming Greece Will Have GDP Budget Gap in 2017
Foreign envoys are set to return to Athens to resume talks about Greece's austerity measures on November 14. They will discuss the alleged budget gap that they claim is looming over Athens as well as push for more austerities;...
Economy
European Commission: Greek State Owes €8 Bln to Businesses, Individuals
The total debt of the Greek State to businesses and individuals was 8 billion euros at the end of September, according to the European Commission.
Despite the fact that the Finance Ministry has repaid part of the outstanding debts, the...