Tax burden in Greece for 2016 amounts to 37.6% of the GDP
Greek citizens face a major tax burden, with a European Commission survey revealing that the burden climbed to 65.7 billion euros in 2016, from 64 billion euros in 2015.
According to the European Commission’s figures, the tax burden increased to 37.6% of the GDP in 2016, from 36.4% In 2015 and 35.5% in 2014. The figure is expected to drop to 37.5% in 2017 and 36.8% in 2018, when the GDP is expected to by 3.6% and 4.3% respectively.
However a series of tax hikes are expected in January, which may affect these predictions. The tax hikes on fuel, tobacco and e-cigarettes, coffee, telecommunications as well as the VAT hike on the islands are coming into effect in 2017.
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