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Finance Ministry

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...

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...

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...

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...

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...

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...

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...

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...

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;...

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...