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Taxman Busts Businesses on Greek Islands

Early revenue inspections on some popular Greek islands appear to have seen dozens of businesses fall foul of the taxman. After a raid by Independent Authority for Public Revenue (AADE) auditors on three islands on the 1 May weekend, a total...

Greek Families Dogged by High Taxation

Greece ranks about half way in tax rates among the 35 countries of the OECD, a new report showed on Thursday. Although OECD workers on average paid over 25 percent of their salaries in taxes, in Greece an unmarried employee...

Greece Facing Possible EU Yacht-Tax Probe

Greece has two months to respond to the European Commission after it claimed the country was breaking rules on value-added tax (VAT) in the private boat sector. Along with Malta and Cyprus, Greece needs to explain its tax regime on...

Taxpayers' Arrears to the State Totaled 99.970 Billion Euros on Jan 1, 2018

Taxpayers' arrears to the state totaled 99.970 billion euros, while the number of debtors was 4,068,857 on January 1, 2018, George Pitsilis, governor of the Independent Authority for Public Revenue (AADE), said on Friday. Speaking to reporters during a media...

Greek Shoppers Responding to Plastic Bag Tax

New laws obliging Greek retailers to charge for plastic carrier bags have caused a sharp decline in their use at supermarkets during the first month of the law's implementation, the Research Institute of Retail Consumer Goods (IELKA) reported on...

Minister Promises to End Greek Wine Tax

Greece's government is to abolish an excise tax on wine introduced in 2015, after the completion of the third bailout program review. Agricultural Minister Vangelis Apostolou, speaking on Tuesday an Athens event organized by the National Interprofessional Organization of Vine...

Greece, Bulgaria to Swap Tax Evasion Info

One of the major issues plaguing the Greek state for decades, tax evasion, was the subject of talks between the revenue heads of Greece and Bulgaria in Sofia on Monday, according to an Independent Balkan News Agency report. The Greek...

Overnight Stay Tax Controversy within the Greek Hospitality Sector

  The Greek Ministry of Tourism has implemented the Overnight Stay Tax as from January 1st, 2018; being its main purpose to drive revenues while reducing the national debt. The Overnight Stay Tax implies an extra fee that adds to the...

Greece Prepares Online Platform for 'Airbnb Tax'

Greece is cracking down on undeclared income of owners leasing residential lodgings on a short-term basis. Tax authorities are creating an online platform where Airbnb lodged properties should be declared, or face a hefty fine. According to a report in Naftemporiki,...

Mitsotakis Stresses Need to Support Businesses with Fiscal Incentives

Main opposition New Democracy leader Kyriakos Mitsotakis on Sunday during his speech to a conference on workers and the unemployed stressed the need to support businesses with fiscal incentives and reduction of non-wage costs. His statements followed the speeches of...