The Council of State has ruled in favor of the cancellation of Special Consumption Tax on wine. The ruling of Greece’s highest court No. 1793/3-9-2018 was published by the Greek Wine Association on Tuesday. The judicial ruling comes as the government has repeatedly said since summer 2017 to abolish this …
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Greece to abolish excise tax on wine after completion of third review
The government will abolish a duty on wine introduced in 2015 after the completion of the third program review, Agricultural Minister Vangelis Apostolou said at an event organized by the National Interprofessional Organization of Vine and Wine of Greece (EDOAE) in Athens. “After the completion of the third review we …
Read More »Special Consumption Tax on Wine to be scrapped, says minister
The government will scrap the special consumption tax on wine by end of the year, Minister for Rural Development, Vaggelis Apostolou, announced on Saturday. The measure not only did not meet revenue targets, it boosted illegal trade in wine and grapes. Inaugurating the Wine Days of Nemea 2017 in one …
Read More »Greece & creditors agree on 23% V.A.T on Gambling, Extra Tax on Wine
Debtors and creditors have agree on how Greece will collect €300 million on yearly basis from indirect taxes. Jumping from beef to private education the famous 23% Valuer Added Tax finally landed on Gambling and Wine. Creditors seek 300 million EUR per year and they don’t care where the money …
Read More »Wine prices in Greece to go up due to …climate change
After the olive oil hit record prices, it is the turn of Greek wine to join the chain of price hikes and follow the same course. Production has dramatically dropped, costs are rising and price increases at the shelf seem inevitable, media report in the last 24 hours Producers say …
Read More »Tax revenue in Jan-July 2022 “higher” than Greece expected
Tax revenues in the period January – July 2022 significantly exceeded the target, according to provisional data on the execution of the state budget Greece’s Finance Ministry announced οn Tuesday The target was exceeded by 5.1 billion euros, with total tax revenues during this period amounting to 31.094 billion euros, …
Read More »FinMin Tsakalotos sees permanent tax reductions as of 2019
Greece will not have any new commitments nor additional prior actions, Finance Minister Euclid Tsakalotos said on Sunday in an interview with ‘Ethnos‘ newspaper. He announced permanent tax reductions as of 2019. The “countermeasures to austerity measure do exist” and in no case the broadening of the tax-free basis will …
Read More »Greek Absurdistan: Gov’t considers a 6-euro tax on Tsipouro
Minister for Rural Development, Vaggelis Apostolou, shocked local authorities and professional groups of Tyrnavos when he told them last Friday that the government is considering to impose a 6-euro tax on tsipouro, the strong distilled grape pomace brandy for which Tyrnavos in Central Greece is famous. Apostolou argued that that …
Read More »Catch up with weekend news: taxes, health care and smog
It’s always difficult to catch up with the news if there has been a blogging break for a couple of days. And it is more difficult when re-start blogging occurs on a Monday. Nothing extraordinary important occurred during the weekend. Bloggers need a break from time to time, to step …
Read More »Barroso: Living Groovy on EU-Taxpayers money
They came to teach Greeks financial discipline and expenditure cuts. A Spartan way of life. However the ladies and gentlemen from the European Union Commission under the chairmanship of Portuguese J. M. Barroso live a live in luxury with expensive cocktail parties, private jets, luxurious away-days with spa and foam baths, …
Read More »Greece extends lockdown restrictions, secondary education opens on Feb 1
Greece has extended the lockdown movement restrictions on Friday as the reopening of secondary school education has been announced to take place on Monday, February 1, 2021. However, the movement restrictions have some exceptions like for the number of passengers in taxis and students who rent in another regional unit. …
Read More »€12,000 for a Cake? Angry Greeks force Minister to pay from own pocket
Agriculture Minister Makis Voridis had to follow the tradition and cut the New Year’s Cake for the ministry’s personnel. He ordered a Vasilopita and posted its cost on the government website for ministries expenses: proud 12,000 euros. A former deputy agriculture minister of SYRIZA denounced the expense saying that she …
Read More »The Hellinikon Resort: Unripen Innovation & Economy Marvel
Supranational institutions such as the IMF and European Central Bank push forward the Hellenic Republic to follow through economic reforms and ensure international creditors that repayment of the national debt — the outcome of the financial crisis of 2007-08 reaching 181.1% of GDP in 2018 — is perpetually substantiated by incoming …
Read More »The Souvlaki Revolution: Greeks to protest price increase at 3 euros with a rally
Pita bread, pork chunks, tomato, onions, parsley, french fries and sauce. This is the traditional souvlaki, Greeks’ top junk food. Now Greek are shocked to hear the price for favorite quick and cheap meal is going to climb to 3 euros from 2.20 currently as of May 1, 2019. The …
Read More »Lost in hypocrisy: Greece’s lenders celebrate end of bailout programs
A historic day. The end of bailout program. The begin an new era. Lenders celebrate the “great news.”The Greek government cheers. Greece ‘s creditors and and the country’s government congratulate each other. Internationale media are in euphoria. A success story with happy end. You did it! Congratulations to Greece and its …
Read More »Plea for Corfu: British Expat invites Tsipras to visit the “Jewel” island
Garbage piles at road sides, potholes on main roads, broken traffic lights and pavements or no street lights at all are just some but very important problems on the island of Corfu, the Jewel of the Ionian Sea. Exhausted by the miserable infrastructure, the negligence and indifference by the local …
Read More »Musician and stand-up comedian Tzimis Panousis dies at the age of 63
Greek musician and stand-up comedian Tzimis Panousis passed away at the age of 63 on Saturday afternoon. According to media information, he suffered a heart attack and was transferred to a hospital in downtown Athens. Doctors tried to revive him with his body did not respond. Last month, he has …
Read More »Government skyrockets prices with levy 2%-6% on computers, tablets, smartphones and cameras
A levy out of the blue. Imposed on computers, tablets, smartphones, cameras and scanner machines. Last Thursday, the Greek government lawmakers voted in favor of the legislation brought by Culture Minister Lydia Koniordou. The usual idiots of Greek consumers will have to pay 2% -6% more on taxes. Just like …
Read More »Dutch far-right Wilders: Greeks spend their money on souvlaki and ouzo
This is one of the glorious moments of bottomless populism and the absolute absence of culture and knowledge of culture. I am writing this not because I feel offended reading that a far-right Dutch populist claims Greeks spend the money on souvlaki and ouzo. His compatriot, the so-called social-democrat Jeroen …
Read More »Greece-wide protests: Farmers on tractors to block highways and national roads
Farmers are angry about their taxation and their social security contributions. And they launch protests across the country. Hundreds of tractors moved on Monday morning to block highway and national roads in an effort to put pressure on the government to take back the measures that mean economic death. Farmers …
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