VAT

Main opposition leader Vangelis Meimarakis said New Democracy will not allow Prime Minister Alexis Tsipras to continue his destructive work while he described government policies as “so-called leftist.” “The country needs New Democracy and the party will not allow Alexis...

The Greek government announced a new proposed legislation that would impose VAT taxation on private education institutions. The Governmental Council on Economic Policy and the Governmental Council for Social Policy met on Tuesday to discuss a number of priorities for the government,...

Greece’s taxation system needs, among others, more efficient revenue collection and better VAT compliance, the European Commission said in its annual report on tax reforms in EU member-states presented on Monday. According to the report, the VAT compliance gap in...

Six popular Greek islands will be the first to switch to higher VAT rates on October 1 with more to follow in the next two years, the finance ministry announced on Monday. The measure is part of the agreed...

The third Greek bailout is in effect and Greek islands are about to feel the implications. Beginning October 1st, Greek islands will begin losing the value added tax privileges that they have enjoyed for years. Among the bailout's prescribed measures are the...

Budget revenues surpassed targets by 1.6 pct in August, the Finance Ministry said on Monday.  In an announcement, the ministry said that budget revenues totaled 4.055 billion euros in August, up from a budget target of 3.991 billion euros. The...

The European Commission released a report on Friday which details the losses incurred by the European Union member states due to VAT tax evasion from 2009-2013 and sheds light on the extent of the problem in Greece. During these five...

The first private school that fell victim to the 23 percent value added tax (VAT) implementation on private education is the Michalopouleion private school established in 1931. The Michalopouleion private school in the Kallipolis neighborhood of Piraeus has endured the...

Greek individuals and businesses will be obligated to pay 24.7 billion euros in taxes until February 2016, 12.4 billion of which are due immediately after the September 20 elections. Taxpayers will be called to pay billions in accumulated taxes due to poor management of...

As Greece's brilliant 300 lawmakers cross swords --and humongous lies-- in parliament over the voting of the new bailout agreement draft, Greek media try to outdo one another in telling Greek people how terrible and destructive the new required measures and...