Tax burden in Greece for 2016 amounts to 37.6% of the GDP

11 November 2016
347 Views

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.

You may be interested

Lotto results: 20/10/2018
GREECE
shares17 views
GREECE
shares17 views

Lotto results: 20/10/2018

Panos - Oct 20, 2018

The winning numbers from the Lotto draw are as follows:

US Embassy: Decision to release terrorist Savvas Xiros a “disservice to memory of victims”
GREECE
shares27 views
GREECE
shares27 views

US Embassy: Decision to release terrorist Savvas Xiros a “disservice to memory of victims”

makis - Oct 19, 2018

The US Embassy in Athens commented on the decision by Greek authorities to release convicted terrorist of November 17th, Zavvas…

FYROM vote: PM Zaev has secured backing of parliamentary majority, local media reports
SLIDE
shares34 views
SLIDE
shares34 views

FYROM vote: PM Zaev has secured backing of parliamentary majority, local media reports

makis - Oct 19, 2018

According to media reports in FYROM, who cite unofficial parliamentary sources, the country’s PM Zoran Zaev has secured the required…

Leave a Comment

Your email address will not be published.