Calamos Supports Greece

Income tax

Greek Finance Ministry Drafts Bill to Promote Use of Plastic Money

The Greek Finance ministry is drafting a new bill soon to be tabled in parliament that would offer tax benefits to people who use credit or debit cards for their payments. Citizens who spend 10-30% of their income in purchases...

The Majority of Greeks Declared Incomes Less Than 10,000 Euros for 2015

According to a report by the Hellenic Federation of Enterprises seeking to analyze the distribution of tax burdens, 1.2 million taxpayers filed zero income for 2015, while 4.6 million taxpayers (the equivalent of 53.6% of the nation’s taxpayers) declared...

Greek Budget Revenue Exceeds August Target

Budget revenues surpassed targets by 1.6 pct in August, the Finance Ministry said on Monday.  In an announcement, the ministry said that budget revenues totaled 4.055 billion euros in August, up from a budget target of 3.991 billion euros. The...

New Tax Code Has Hidden 'Traps' for Greeks Living Abroad

The new income tax code has hidden "traps" for Greeks living abroad and keep bank accounts and property, such as houses and cars, as they will have to file an income tax return in Greece. The tax code is based on...

Measure for 100-Installment Tax Debt Settlements in Greek Government Gazette

A decision of the General Secretary for Public Revenue Aikaterini Savvaidou allowing the settlement of debts to the public sector in up to 100 installments, was published in the Greek Government Gazette on Friday. The decision calls for the mandatory...

First Income Tax Installment by July 31

The first income tax installment is expected to be emailed to all Greek tax payers until the end of July. According to the Finance Ministry, tax payers are obligated to print the bill for the taxes they owe through taxisnet.gr...

Bundesbank: Capital Tax First, Then Rescue

The latest financial report published by the German Federal Bank, “Bundesbank” argues that countries on the verge of bankruptcy should ensure the necessary funding for the survival of their state, firstly from the wealth of their citizens and afterwards...

Greeks Give Half Their Income To Taxes

Forty six percent of Greek citizens’ income will end up in taxes, according to data released by Eurostat. This percentage is one of the highest in the EU list. Sweden tops the list, as the Swedish give tax authorities...

Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter

Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]