VAT
Culture
Good News for Music Fans as Greece Prepares to Lower Taxes on Concert Tickets
According to Greece's Deputy Finance Minister, Katerina Papanatsiou, the country's Finance Ministry will reduce the VAT rate applicable on concerts and music events, where no other services are provided, from 24 percent to 6 percent.
The change will be enacted...
Business
Greek Islands Get VAT Raise Suspended for 6 Months
Greece's Prime Minister Alexis Tsipras announced on Friday that that an earlier decision to raise value-added tax rates (VAT) at eastern Aegean islands will be suspended.
The decision was made during the EU summit meeting in Brussels and it affects...
Greece
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...
Greece
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...
Economy
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...
Economy
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...
Greece
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...
Business
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...
Economy
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...
Economy
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,...