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tax

After Latest Tax Hike Greece Has 6th Highest Unleaded Gasoline Price in the World

Citizens across Greece are calling the Greek government out on the recent tax hike that has placed the country sixth in most expensive gas prices in the world -- specifically for unleaded gasoline. According to data from the Greek Finance Ministry,...

Greek Econ Minister: High Taxation of Enterprises Does not Attract Investments

The three main conditions that Greece must fulfill to attract healthy business investments are transparency in tenders' procedure, strong state operation framework and financing from the banks, wrote the Economy and Development Minister Dimitris Papadimitriou in his article in...

Mitsotakis: Greece Needs Cuts in Taxes, Public Spending, Restoration of Bank Liquidity

New Democracy leader Kyriakos Mitsotakis outlined on Tuesday his party’s main proposals to help Greece exit the economic crisis during a speech at the American-Hellenic Chamber of Commerce. He said the first is a new fiscal policy mix that will...

Road Tax to Remain Unchanged in 2017, Says Finance Ministry

The Greek finance ministry said it has decided to keep the road tax unchanged next year after considering the market’s need for stability and safety, according to a press announcement. According to the ministry, it was decided not to make...

Greece Lowers Tax-Free Transaction Limit

Greece will soon lower a minimum transaction limit for tax free purchases from 120 to 50 euros to bring the country in line with the EU average, George Pitsilis, secretary-general of Public Revenue said on Monday. Addressing an event at...

ENFIA Notifications Open Up for Property Owners on Monday

Single Property Tax (ENFIA) notifications for real estate owners in Greece are available online as of Monday. Real estate owners can visit www.gsis.gr for more information. The tax can be paid in five monthly installments, with a first payment...

Tax Checks on Hotels by Inspectors Disguised as Vacationers

The General Secretariat of Public Revenue is carrying spot checks at 1,545 hotels being investigated for their bookings and cost of night stays. The tax inspectors appear disguised as customers to ensure that hotel fees are aligned to their...

Greek Unpaid Debt to State Funds at 50% of GDP

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...

Greeks Can't Afford to Go On Vacation Due to Tax Burden

Greek hoteliers note a drop in local bookings to tourism destinations around the country. The decline in numbers for August, traditionally the main period for Greek vacations, has left the country's hoteliers hanging with just last-minute reservations to hope...

Tax Evasion in Greece Estimated at 6-9% of GDP, Say Independent Analysts

Tax evasion in Greece is estimated to range between 6 to 9 pct of the country’s GDP, which is equal to up to 32 pct of public revenues, according to research conducted by the independent research organization diaNEOsis, which...