taxation
Economy
Major Tax Cuts and "Social Dividends" Announced in Greek Parliament
The Greek government announced Wednesday that the Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.1 million property owners. In addition, the state will distribute a one-time payment to more than 1.3 million people as...
Economy
Greek State Champion in Overtaxing
The The The nation of Greece is once again a champion in overtaxing its citizens, ranking 29th among 35 OECD countries, as shown in the 2018 International Tax Competitiveness Index (ITCI).
The data was presented by the Center for Liberal Studies (KEFIM),...
Economy
IMF to Greece: Implement Agreed-Upon Cuts
The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington.
Gerry Rice said that it...
Economy
Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18
According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years, in an effort to collect taxes and social security contributions.
The Greek Ombudsman has received a...
Culture
Good News for Music Fans as Greece Prepares to Lower Taxes on Concert Tickets
According to Greece's Deputy Finance Minister, Katerina Papanatsiou, the country's Finance Ministry will reduce the VAT rate applicable on concerts and music events, where no other services are provided, from 24 percent to 6 percent.
The change will be enacted...
Economy
Greece Tops Eurozone in Indirect Taxation
Greece has the highest level of indirect taxation in the eurozone and it is likely that it will remain in the same position in 2019. This finding steps from next year's draft budgets recently submitted by the 19 eurozone...
Economy
Greece World Champion in Tax Hikes in 2015-2016, OECD Report says
Greece recorded the largest increase in taxes worldwide in the 2015-2016 period, a new Organization for Economic Co-operation and Development (OECD) report says.
The report entitled "Tax Policy Reforms 2018" issued on Wednesday shows significant taxation developments in countries such...
Economy
Despite Government Celebrations, the Greek Crisis is Far from Over
It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...
Economy
Five Billion Euros Added to Outstanding Debts to Greek State in June
New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for Public Revenue (AADE).
Out of the €5,192 billion euros, €4,164 billion are unpaid taxes. Of the...
Greece
Greeks Have to Work 198 Days to Pay Taxes
Greeks have to work 198 days in order to pay their annual taxes, a study conducted by the Center for Liberal Studies (KEFIM) says.
According to a Kathimerini newspaper report, the KEFIM survey shows that Greeks have to work until...