Greece
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Greek Tax

Greek Gov't Unveils New Draft Tax Legislation

The Greek government on Tuesday unveiled a new draft tax bill envisaging new scales and rates on income tax, higher tax rates on income from rents, introducing a 45 pct tax rate on all incomes above 35,000 euros and...

Renowned U.S. Economist Says High Taxes Squash Greece’s Prospects for Recovery

A recently released study by the Economics Department at the National Kapodistrian University of Athens revealed that Greece has the third highest taxation rate among 21 European countries. Only Sweden and Denmark have a higher tax rate, countries with...

Greek Betting Firm OPAP Asks High Court to Cancel New Gambling Levy

Greek betting firm OPAP has filed a petition with the Council of State to annul and suspend a new tax on its games, which became effective this year, the company said in a statement. Greece's Finance Ministry announced a decision last year...

Greece Records Third Highest Tax Ratio Increase in OECD

Greece recorded the third highest tax ratio increase among OECD countries in the 2013-2014 period, with an 1.5% increase, following Denmark (3.3%) and Iceland (2.8%), the Organization for Economic Cooperation and Development said on Thursday. In its annual Revenue Statistics publication,...

Greek Minister Pledges Crackdown on Tax Evasion, with German-Style Tax Raids on Big Business

The government intends to crack down on tax evasion by adopting best practices from other countries, Greek Alternate Finance Minister Tryfon Alexiadis said in Parliament on Tuesday, during the debate on the government's policy statements. Among others, he announced plans...

Legislation for Bailout Deal Submitted to Greek Parliament

The legislation for the deal between Greece and its international creditors for a European Stability Mechanism (ESM) package was submitted to the Greek Parliament on Tuesday evening with an urgent status. The legislation is composed of two articles. One contains the agreement reached during the...

Greek Gov't Tables Amendment Extending 'Write-off' of Tax Fines Until May 27

An amendment tabled in Parliament by Greek Alternate Finance Minister Nadia Valavani on Tuesday extends until May 27 the closing date of a measure allowing tax-payers settling any portion of overdue tax debts to "write off" an equivalent amount...

Overdue Greek Tax Debt Rose to 75.732 bln Euros in February

The value of overdue tax debt grew further to 75.732 billion euros in February, of which 2.480 billion were new overdue debt by taxpayers in the January-February period, Greek official figures showed on Tuesday. A report by the Secretariat General...

Greek Alternate FinMin: The Tax System Is Unfair and Class-Based

Since Friday, when the express-settlement for the arrears to the State was put into effect, some 18 to 20 million euro have flown into the state coffers on a daily basis, while on Monday alone revenues reached 50 million...

Lagarde: 'I Know How Hard It Has Been for the Greek Population to Pay Their Tax'

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds, Reuters news agency reported. Lagarde, who is on...