Calamos Supports Greece

VAT

Greek Parliamentary Majority Votes in Favor of Tsipras' Pension Bonuses, Island VAT Decrease

A parliamentary majority on Thursday voted in favor of the one-off bonuses to low-income pensioners and VAT deductions on Aegean islands, with 196 votes out of 257. All the SYRIZA-ANEL coalition lawmakers voted in favor of the bills, something that...

SYRIZA Requests Roll Call Vote in Parliament for Tsipras' Relief Measures

The government has requested a roll call vote in parliament for the two relief measures announced by Greek Prime Minister Alexis Tsipras last Thursday, which will be added in two separate draft bills. The measures concern a one-off benefit for...

ND Criticizes 'Erratic and Opportunistic' Government After Eurogroup Decision to Freeze Debt Relief

Main opposition party New Democracy accused the government on Wednesday of being erratic and opportunistic after the Eurogroup and the European Stability Mechanism (ESM) announced they are freezing the implementation of Greece’s recently agreed on short-term measures for debt...

PM Tsipras Hints that Greece's Creditors are 'Foolish Technocrats'

"We will not listen to foolish technocrats... Who say that what is wrong is right," Prime Minister Alexis Tsipras said, referring to recent statements made by the International Monetary Fund. The Greek prime minister criticized the IMF while addressing the...

Tsipras Announces Extra Benefit for Low-Income Pensioners, Suspension of VAT Rise for NA Islands

Greek Prime Minister Alexis Tsipras announced on Thursday an extra benefit for low income pensioners and the suspension of an increase of the VAT on the islands of the northern Aegean while the refugee crisis continues. Speaking in a televised...

Greek Government Submits 2017 Budget, Including Many New Taxes

The 2017 state budget was tabled in Greek Parliament on Monday, projecting a 1.8% primary surplus and 2.6 billion euros in new taxes. According to a finance ministry official who spoke on the sidelines of the government's negotiations with the...

Tax Evasion in Greece Reaches €16 Bln Annually

Tax evasion in Greece is estimated to be around 16 billion euros each year, according to a study by EY (formerly Ernst & Young) carried out on behalf of diaNEOsis research organization. According to the EY analysis, loss of revenue...

VAT Gap: Greece Lost 5 Bln Euros in Uncollected VAT Revenue

    Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted to an unacceptable high yearly figure worth 5 billion euros. Overall, the EU member states lose a total...

Greek State Revenues €500 Mln Less than Expected in July

State revenues from taxes in July were 500 million euros less that the ministry of finance had anticipated, thereby threatening fiscal targets. While taxpayers paid the first monthly income tax installment as anticipated, revenues from customs were far below expectations....

Tax Checks on Hotels by Inspectors Disguised as Vacationers

The General Secretariat of Public Revenue is carrying spot checks at 1,545 hotels being investigated for their bookings and cost of night stays. The tax inspectors appear disguised as customers to ensure that hotel fees are aligned to their...