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Greek Taxes

Desperate for Funds; Greek Government Promotes Plastic Money Initiatives

Deputy head of the Greek tax collector's union Tryfon Alexiadis confirmed the Finance Ministry’s intention to extend the use of plastic money. The Ministry will implement various incentives via mandate or voluntarily, aiming to reduce tax evasion. The new...

A Storm of Taxes Set to Hit Greece in the Coming Days

The major changes and increases on the Greek tax system, as they were stated in the country’s third bailout agreement will begin in October, causing a tax storm for Greek citizens. Specifically, the deadline for the second installment payment of...

Greek Finance Ministry to Re-Examine 100-Installment Schemes

Newly appointed Greek Alternate Finance Minister Tryfon Alexiadis on Wednesday announced planned changes to the 100-installment payment schemes for overdue taxes but reassured listeners that no "tax hurricane" was imminent. "There is no chance that we will create problems and...

Tax Evasion on Greek Islands Exceeds 50%

Sweeping tax audits are in progress on Greek islands since last weekend and the first results show high tax evasion rates. The highest rates were recorded in hotels, restaurants and bars, where they did not issue receipts. It was reported that during 63...

New Greek Government Measures Exceed the Taxes of Previous Bailouts

The Greek government's proposal, in order to make a deal with the country’s creditors, was accompanied by taxes amounting to 7.9 billion euros, while the taxes on the two previous bailout programs amounted to 7.7 billion euros in total. The...

Stournaras Promises 'No New Taxes'

The government will not impose any new taxes, Finance Minister Yannis Stournaras said Wednesday in an interview with private TV station Skai. When asked about the course of the country's fiscal adjustment, Stournaras said: "In no way will we impose...