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VAT

Greece's Lesvos Shuts Down in Protest Against PM (photos)

Mytilene, the capital and port of the island of Lesvos, has shut down in protest against the visit of Greece's prime minister, Alexis Tsipras. Shops and local services have pulled down their shutters as professional and trade organizations prepare to...

Greek PM Faces Protests Over Migrant Numbers, Tax Hike in Lesvos

Lesvos is beefing up security for the visit of Prime Minister Alexis Tsipras and a host of ministers who will participate in regional conference on the Aegean island on Wednesday and Thursday. Seventeen squads of riot police are travelling from...

Greece Facing Possible EU Yacht-Tax Probe

Greece has two months to respond to the European Commission after it claimed the country was breaking rules on value-added tax (VAT) in the private boat sector. Along with Malta and Cyprus, Greece needs to explain its tax regime on...

Five Islands Affected by Migration will Keep Lower VAT Rate for Six More Months

Lesvos, Chios, Samos, Kos and Leros, the five islands most affected by migratory waves, will maintain their lower VAT regime for another six months, until the end of June 2018, the finance ministry announced on Tuesday. The government had announced...

General Strike on Lesvos and Limnos over VAT Hikes on Wednesday

Professional and trade organisations on the Aegean islands of Lesvos and Limnos have declared a general strike by island businesses next Wednesday to demand the continuation of lower VAT rates for the islands, which are set to be aligned...

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...

Study: Greek State Loses Up To €16 Bln per Year From Tax Evasion

The Greek State loses up to 16 billion euros per year, or 32 percent of annual revenue, from tax evasion, a new study shows. The study was conducted by the diaNEOsis institution, using data from international organizations as well. The...

After Latest Tax Hike Greece Has 6th Highest Unleaded Gasoline Price in the World

Citizens across Greece are calling the Greek government out on the recent tax hike that has placed the country sixth in most expensive gas prices in the world -- specifically for unleaded gasoline. According to data from the Greek Finance Ministry,...

Tsipras' Pretend Heroism Is for Internal Consumption Only

Greek Prime Minister Alexis Tsipras wore his Spring 2015 costume again and started acting like the leftist messiah who would change Greece and Europe. So, he started attacking the European Union institutions and the International Monetary Fund. You can...

Tsipras: We are Determined to Defend the Rights of the Greek People

The Greek government is determined to defend the rights of its people and not bow to pressure to adopt measures that perpetuate austerity, Prime Minister Alexis Tsipras told lawmakers at the 5th conference of the Party of the European...