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VAT

Greek Primary Surplus Rises to 2.5 Billion Euros

The Greek Finance Ministry said on Tuesday that during the first nine months of the year (January–September) the primary budget surplus is 2.532 billion euros, sharply up from the budget target for a surplus of 1.551 billion, but slightly down...

OECD Recommends Exclusion of Big Companies from VAT

The first implementation phase of the Organization for Economic Cooperation and Development (OECD) recommendations has been completed, the Ministry of Administrative Reform & Electronic Governance announced on Tuesday. According to the announcement, the most important intervention was the decision to...

First Income Tax Installment by July 31

The first income tax installment is expected to be emailed to all Greek tax payers until the end of July. According to the Finance Ministry, tax payers are obligated to print the bill for the taxes they owe through taxisnet.gr...

Samaras Wants VAT Cut, Solidarity Tax End

Greek Prime Minister Antonis Samaras, still feeling the effect of his New Democracy Conservatives second-place finish in the European Parliament elections, is reportedly planning to scrap a dreaded "solidarity" tax and reduce the Value Added Tax (TAX) as part...

Greek Fraud Cops Bust Black Market Scam by Recycling Crew

Greece's financial police on Friday said they had arrested the owner of an Aspropyrgos-based recycling company and his daughter on charges of dodging tax among other fraud, at an estimated cost to the Greek state of around two million euros. The company had undertaken contracts for the...

Greek Fraud Cops Bust Bogus Invoices and Expenses

The Financial Crime Unit (SDOE) is still finding more and more people who are stealing from the state through their profession by issuing bogus invoices or even not issuing receipts. Doctors, farmers, private sector employees and pensioners continue to...

Samaras: Government to Table Amendment on Offsetting Debts

The government will soon table in Parliament a legislative amendment regarding the offsetting of VAT debts not only towards the state but also between individuals, Greek Prime Minister Antonis Samaras announced on Monday. Samaras chaired a meeting at the General...

EU: Greeks Still Neglect to Ask for Receipts

According to Eurobarometer, 30% of Greeks have admitted that last year they made purchases or paid for services without acquiring any receipts. Furthermore, as the figures show the percentage is the highest in the EU-28. However, what is really...

One in Three Greeks State Debtors

The more Greece squeezes citizens with pay cuts, tax hikes and slashed pensions, the more they can't pay, with government statistics showing that the list of debtors grew in October by 101,425, bringing the total to 3,182,477 - one-third...

Mixed Results from VAT Cut in Catering

Greek consumers only benefited marginally from the value-added tax reduction in prices at food outlets last month, as according to data presented on Monday by the Hellenic Statistical Authority (ELSTAT), the price index in the Hotels-Cafes-Restaurants category declined by...