Greece
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taxes

Greeks Paid More Than €8.3 Billion in Taxes in 2018

Greece’s Independent Authority for Public Revenue published figures on Thursday regarding the amount of taxes Greek citizens paid in 2018. According to the data, a total of 8,907,722 Greek taxpayers paid €8.328 billion in taxes in 2018 on combined declared incomes...

Greece's Public Debt on the Rise

Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday. The Greek statistical authority noted that...

Greece is Current World Champion in Tax Increases

Greece became the world champion of tax hikes in the decade between 2007-2017, with taxes going up a total of 8.2 percent. In the same period, tax revenue increased from 32 percent to 39.4 percent of GDP, according to...

Greek Budget Primary Surplus Up by €1.105 Billion Over Last Year

The Greek state budget recorded a primary surplus of €6.435 billion ($7.315 billion) in the ten months between January and October 2018, exceeding a target of €4.749 billion ($5.397 billion). The new figures also show a surplus of €5.330...

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...

One Million Property Owners Throughout Greece Brace for ENFIA Increases

According to the property tax notifications that the government started distributing Tuesday night, property owners throughout the country are in for a dramatic increase on their ENFIA bills. The raise in ENFIA comes from an adjustment in property rates, resulting...

Greece First in Taxes Among Eurozone States, Survey Reveals

Ten years ago, in 2008, Greece had the 13th place among the European States who share the Euro as their currency, regarding the taxes-to-GDP ratio. After 10 years and three bailout programs from the International Monetary Fund and the...

Greece Meeting with Lenders Sept. 10 for Post-Bailout Talks

Talks are already being scheduled for post-bailout talks between Greece and its lenders, European Commissioner for Economic and Financial Affairs Pierre Moscovici has announced. The meetings are to begin on September 10 in Athens and according to sources, the government...

Electronics Hit With New 2% Greek Government Tax

The Greek government has added yet another tax on goods and services, this time being a two-percent percent levy on the purchase of personal computers, tablets and smartphones. The levy was voted through the Greek parliament on Tuesday as a...

Property-Tax Hike Looms Over Greek Market

Greeks could be hit with higher property taxes if new rates being considered by the country's Finance Ministry come into play. According to a report in the Kathimerini newspaper on Thursday, Greece's Single Property Tax (ENFIA) could shoot up anywhere...