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taxes

Christian Leaders Shut Jerusalem’s Iconic Church to Protest Taxes

The leaders of the major Christian sects in Jerusalem closed the Church of the Holy Sepulchre for several hours on Sunday to protest an Israeli plan to tax their properties. The Church is built on the traditional site of Jesus'...

Overdue Debts to Greek State Rise by €13Β, Despite Confiscations of €5Β

Overdue debts to the Greek State went up to a record high of 13 billion euros in December, despite confiscations of 5 billion euros, a Kathimerini newspaper report says. As of the end of December 2017, arrears to the Greek...

Excessive Taxes and Negative Savings for Greek Households

Greece has reportedly the lowest savings rate among the 28 EU countries, as households and businesses 'bend' at the expense of wage cuts, excessive taxes and the burdens of a nation that is inefficient in critical areas such as...

Greece the Only OECD Country to Raise VAT in 2016

Greece is the exception to the general trend that has prevailed in recent years among OECD member countries, to reduce the tax burden on businesses and individuals, in order to stimulate economic growth and enhance competitiveness. In a report titled...

KEFIM: Greeks Will Have to Work an Average of 203 Days in 2017 to Pay Taxes

The Dragoumis Center for Liberal Studies (KEFIM) has released data showing that Greeks will have to work an average of 203 days this year in order to pay taxes. The KEFIM researched when the first day during the year Greece...

Greek Shipowners Extend Voluntary Deal to Pay Additional Tax in 2018

The Union of Greek Shipowners (USG) approved a proposal by its president Theodoros Veniamis on Monday, to extend an agreement with the State to make a voluntary tax contribution in 2018. The exact size of the one-off payment was not...

Greeks Unable to Pay Taxes, State Debtor Numbers Continue to Rise

It is estimated that this year 3.94 million taxpayers owe the state money in tax payments amounting to some 94.7 billion euros. This means that almost one out of two taxpayers are unable to pay their taxes due and is...

Greeks Waiting Until Last Minute to File Tax Declarations

The Independent Authority for Public Revenue has reported a decline in the amount of taxpayers filing their declarations by some 300,000 in comparison to this time last year. Data released shows that up until Monday, June 12, only 2,588,596 tax...

One in Two Greeks Unable to Pay Taxes Due

Greek taxpayers are drowning in debt as half of them are unable to meet their tax obligations, according to an Imerisia newspaper report. Higher taxes along with wage and pension cuts and raises in prices of goods have left Greek...

Confiscations for Debtors to Greek State Rise Dramatically

Tax Office confiscations for those who owe to the Greek State are increasing rapidly, as in the first two months of the year 33,933 taxpayers with debts over 500 euros saw money withheld from their salaries, pensions, bank accounts...