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tax

Taxpayers' Overdue Debt Jumped 1.469 bln Euros in Sept‏

Taxpayers’ overdue debt to the Greek state grew significantly in September, by 1.469 billion euros, to total 8.392 billion euros so far this year, the Finance ministry said in a report. The report noted that taxpayers’ overdue debt surpassed 80...

Greek Government Announces Taxation for Private Education

The Greek government announced a new proposed legislation that would impose VAT taxation on private education institutions. The Governmental Council on Economic Policy and the Governmental Council for Social Policy met on Tuesday to discuss a number of priorities for the government,...

Savvaidou No More…As the Greek General Secretary Faces Criminal Charges Her Counterparts Want Her Out

The removal of the general secretary of Public Revenues Katerina Savvaidou from her post is a "matter of principle" for the government, which is why we will insist on her resignation, government sources said on Monday. “For the Greek government,...

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...

EU Finance Ministers Approve Deal to Share Information on Tax Rulings

European Union finance ministers adopted unanimously a proposal requiring governments to share information on tax rulings, in an effort to stop corporate tax evasion by multinationals, during a meeting in Luxembourg. According to the political agreement achieved in today’s Ecofin,...

Greek Orthodox Church Will Not Face Tax Hikes

Interim Economy Minister in Greece's caretaker government; Nikos Christodoulakis spoke with Ieronymos II; the Archbishop of Athens and All Greece, on Tuesday, assuring him that he had never planned or even considered imposing additional taxes on the Church. Christodoulakis said there was no...

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...

Greek State Loses 37.044 Bln Euros from VAT Evasion

The European Commission released a report on Friday which details the losses incurred by the European Union member states due to VAT tax evasion from 2009-2013 and sheds light on the extent of the problem in Greece. During these five...

Greek Minister Announces Changes to Property Tax, More Inspections

Greece's Alternate Finance Minister Tryfon Alexiadis announced plans to revise a special property tax with the aim of lightening the burden for low incomes and small property holders, without changing a 2.65-billion-euro revenue target. He also announced a package...

Greek Deputy Minister of State: Fighting Corruption Will Be 'Number One Priority'

Fighting corruption and finding ways to offset the harsh measures imposed by Greece's creditors will be the coalition government's top priority, Deputy Minister of State Terens Quick told the ANA-MPA in an interview. "The number one priority is for people...