Tag: tax

“Apodixi please”
FINANCE
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FINANCE
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“Apodixi please”

makis - Aug 13, 2018

Greece is serious in trying to win the and tax evasion and launched a campaign to “train” the tourists that visit the country on how they can…

Three out of 10 households in Greece to pay more income tax, beyond declared taxable income
GREECE
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GREECE
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Three out of 10 households in Greece to pay more income tax, beyond declared taxable income

Panos - Jul 30, 2018

Three out of 10 Greek households that submitted a tax return for incomes generated in 2017 - amid a looming deadline this week - will be called…

First deadlines for 2018 ‘tax tsunami’ in Greece begins this month
FINANCE
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FINANCE
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First deadlines for 2018 ‘tax tsunami’ in Greece begins this month

Panos - Jul 02, 2018

A "tax tsunami" agreed to in 2016 and unleashed in Greece last year - an integral part of the Tsipras government's "road map" to meet creditors' memorandum-mandated…

Readjusted objective tax criteria for property in Greece cited in Commission’s positive compliance report
FINANCE
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FINANCE
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Readjusted objective tax criteria for property in Greece cited in Commission’s positive compliance report

Panos - Jun 21, 2018

Readjusted objective tax criteria for real estate are on the agenda in Greece for 2019 and 2020, with the aim being a harmonization of commercial rates with…

Greek government imposes 2% tax on smartphones, PCs, tablets and laptops
GREECE
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GREECE
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Greek government imposes 2% tax on smartphones, PCs, tablets and laptops

Panos - May 16, 2018

The Greek government brought in an amendment late last night in parliament confirming the imposition of a one-off “reasonable fee” of 2% on devices for intellectual property…

Almost 4 million Greeks in debt to tax authorities!
FINANCE
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FINANCE
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Almost 4 million Greeks in debt to tax authorities!

makis - May 04, 2018

Almost 4,000,000 Greeks are in debt to the tax authorities, with more than 1,5 million in the process of forced seizure. In March 2018, overdue debts to…

Tax inspectors log numerous violations over weekend
FINANCE
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FINANCE
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Tax inspectors log numerous violations over weekend

Panos - Apr 23, 2018

Tax inspectors apparently put in overtime work over the weekend in Greece, with two-day closures of various businesses imposed after tax violations were reportedly ascertained. Violations were…

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…