Tag: tax

Authorities to suspend individual tax codes for evasion, forged figures
FINANCE
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FINANCE
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Authorities to suspend individual tax codes for evasion, forged figures

Panos - Jan 10, 2018

One provision in an omnibus draft bill, tabled to Parliament on Tuesday, foresees the suspension of a taxpayer or business' individual tax code for instances of tax…

Eurostat: Greece has highest tax rises in EU
FINANCE
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FINANCE
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Eurostat: Greece has highest tax rises in EU

makis - Dec 11, 2017

Greece recorded the highest rise among all countries in taxation increases with a 2.3% hike between 2015 and 2016. Romania, Austria, and Belgium were the champions in…

Taxes, Transport Costs Force Closure of Historic Cosmetics Company in Chios
FINANCE
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FINANCE
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Taxes, Transport Costs Force Closure of Historic Cosmetics Company in Chios

Panos - Nov 13, 2017

A historic cosmetics company at the island of Chios, Greece has decided to close its operations and move elsewhere, citing rocketing transport costs and heavy taxation. Mastic…

Tax offenders before 2006 in the clear, according to gov’t circular
FINANCE
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FINANCE
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Tax offenders before 2006 in the clear, according to gov’t circular

makis - Sep 19, 2017

The Independent Authority for Public Revenue issued a circular on Monday that effectively ends the hostage status of tens of thousands of taxpayers and enterprises over past…

OECD: Greece the only country to raise VAT in 2016
FINANCE
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FINANCE
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OECD: Greece the only country to raise VAT in 2016

Panos - Sep 14, 2017

Tax Policy Reform report showed Greece had the highest rate of social security contributions Greece is the only member of the nations in the Organisation for Economic…

Suspended surplus value tax on real estate transactions set for re-imposition next year
FINANCE
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FINANCE
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Suspended surplus value tax on real estate transactions set for re-imposition next year

Panos - Aug 10, 2017

A suspended surplus value tax on property transactions is scheduled to resume as of Jan. 1, 2018, a negative development for Greece's still depressed real estate market.…

Greeks to pay at least €65ml on new taxes on PC and digital devices
FINANCE
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FINANCE
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Greeks to pay at least €65ml on new taxes on PC and digital devices

Panos - Jul 19, 2017

Greek consumers will be called to pay at least €65 million annually, due to the new 2-6% surcharge on computers, tablets and mobile devices, as market experts…

The genius way the Ancient Greeks taxed their citizens
FINANCE
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FINANCE
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The genius way the Ancient Greeks taxed their citizens

Panos - Jun 19, 2017

Imagine a progressive tax — in other words, a tax that falls on those most able to pay; a tax that results in the rich paying —…

Greeks declared 7 billion more in taxes in 2016
FINANCE
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FINANCE
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Greeks declared 7 billion more in taxes in 2016

makis - Apr 13, 2017

Greek households paid an additional 6.1 billion euros in taxes for the current fiscal year compared 2015, according to the data posted on the website of the…

Income tax load mostly burdens an unlucky tenth of taxpayers
FINANCE
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FINANCE
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Income tax load mostly burdens an unlucky tenth of taxpayers

makis - Apr 13, 2017

About a tenth of Greek taxpayers forked out 60 percent of the total income tax paid last year, according to data released on Thursday by the Independent…

Hefty cuts to tax discount and pensions
FINANCE
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FINANCE
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Hefty cuts to tax discount and pensions

makis - Apr 10, 2017

The taxable income threshold for salary workers, pensioners and farmers looks set to drop to 5,636 euros per annum from 2020, and possibly as early as 2019…

Finance tax ‘within reach’ but political will needed, EU’s Moscovici says
FINANCE
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FINANCE
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Finance tax ‘within reach’ but political will needed, EU’s Moscovici says

makis - Jan 26, 2017

An agreement on a common financial transactions tax (FTT) is "within reach" among the 10 eurozone countries willing to adopt it, the European Union's economics commissioner said…

Tax hikes and card use helped primary surplus exceed its target
FINANCE
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FINANCE
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Tax hikes and card use helped primary surplus exceed its target

makis - Jan 17, 2017

Excessive taxation and taxpayers’ increased use of plastic money in their payments to the state led to the creation of a primary budget surplus of almost 4.4…

Tax makes hotel investments costlier in Greece
GREECE
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GREECE
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Tax makes hotel investments costlier in Greece

makis - Jan 05, 2017

High taxation is preventing tourism investment in Greece, according to the latest study by the Institute of the Greek Tourism Confederation (SETE). Comparing Greece with Cyprus, the…

Tax debts to Greek state rise to more than 94 bln euros
FINANCE
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FINANCE
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Tax debts to Greek state rise to more than 94 bln euros

makis - Jan 03, 2017

More than half of the country’s taxpayers owe money to the cash-strapped Greek state, according to the Finance Ministry’s General Secretariat of Public Revenues. Fresh data show…

Road tax deadline extended to Jan 9
FINANCE
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FINANCE
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Road tax deadline extended to Jan 9

makis - Dec 30, 2016

The Finance Ministry on Friday granted a fresh extension on the payment deadline for the 2017 road tax. Motorists now have until the close of business on…

Pop star Hatzigiannis cleared of tax dodging charges
GREECE
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GREECE
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Pop star Hatzigiannis cleared of tax dodging charges

Sokratis - Nov 26, 2016

An Athens has court acquitted Cypriot pop star Michalis Hatzigiannis of tax dodging charges. The case concerned a money transfer of 5.3 million euros to Cyprus in…

Changes to road tax and heating oil benefit are put on hold
GREECE
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GREECE
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Changes to road tax and heating oil benefit are put on hold

Sokratis - Nov 12, 2016

Two of the pledges former alternate minister of finance Tryfon Alexiadis had made before the government reshuffle, concerning changes to road tax and the heating oil benefit,…

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

makis - Nov 11, 2016

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…

Road tax reduction for used cars first registered in another EU country
FINANCE
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FINANCE
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Road tax reduction for used cars first registered in another EU country

Panos - Sep 30, 2016

Road tax is set to decrease for owners of used cars that were first registered in another European Union country, according to a Finance Ministry circular issued…