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Finance Ministry

Greek Deputy FinMin: If You Can't Pay Inheritance Tax, Give Us the House You Inherited

Greece's Deputy Finance Minister Tryfon Alexiadis said in parliament on Thursday that those who inherit a house and cannot afford to pay the inheritance tax, can give the house to the state in exchange. Answering to a question by Independent...

Debts to Greek Security Funds Reach €33.6 Billion

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90% of the total debt from security fund contributions, or 30 billion euros approximately, are debts...

Greeks Owning Credit Cards are 60% Less than Before Economic Crisis

The poor creditworthiness of most Greek citizens puts on hold the finance ministry's plans to give incentives for the use of credit cards as part of the campaign to fight tax evasion. Despite the increase in the use of plastic...

Greek State Revenues €500 Mln Less than Expected in July

State revenues from taxes in July were 500 million euros less that the ministry of finance had anticipated, thereby threatening fiscal targets. While taxpayers paid the first monthly income tax installment as anticipated, revenues from customs were far below expectations....

FinMin Plans to Restructure Special Salaries in Civil Service Sector

A recently developed Finance Ministry plan may cut the number of special salary categories in the civil service sector from 20 to less than half that number, Greek newspaper Kathimerini has reported. There will also be other changes to the current salary system,...

EU Residents are Also Exempted from Inheritance Tax for Primary Home in Greece

The Greek finance ministry is expected to align with a European Court ruling that says all EU residents are exempted from paying inheritance tax for their family's primary home. So far the rule applied only to Greek citizens living in...

Greek Finance Ministry Denies Allegations that Prolonged Negotiations Inflated State Debt

Greek finance ministry sources on Tuesday rejected main opposition party allegations that a prolonged negotiations process with creditors further burdened the country's public debt. "For those alleging that the real economy was hurt by the negotiations, we encourage them to...

Greek Gov't Takes Back Property Tax on Parcels

The Greek government has been forced to make some changes in the single property tax (ENFIA) in order to prevent citizens' reactions and inner-party disagreements. One of the pre-election pledges of Alexis Tsipras and his SYRIZA party was to abolish...

Greece to Recruit Cash Sniffing Dogs to Sniff Out Tax Evaders

  A post on a Greek government website on Wednesday said that the Finance Ministry will be forming a committee to put together a team of specially trained dogs that will be trained to detect cash. The new team made of man's best...

Greek State to Tax Voluntarily Disclosed Hidden Income Higher than 50%

The Greek economic team is close to a plan that would tax voluntarily disclosed hidden income more than 50%, without the accord of creditors so far. According to a Kathimerini newspaper report, in Thursday's cabinet meeting on economic policy the...