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taxes

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...

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...