Tag Archives: reduction

“We do not reduce the VAT on food, because we do not want to encourage consumption.” This was said by the finance minister of the country where political nonsense has reached an unprecedented level and F*ck Logic prevails. In an interview with Mega TV on Friday, finance Minister Kostis Hatzidakis …

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9 out of 10 workers in Greece have reduced consumption of essential goods, a recent survey conducted on behalf of the private sector union umbrella General Confederation of Greek Workers (GSEE) and the Labor Institute. One out of two respondent also said that they do not get paid for overtime …

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Finance ministry sources said on Tuesday that “reduction of VAT gap could bring additional 2 billion euros annually.” Speaking to state-run news agency amna, the finance ministry sources said that measures designed to combat tax evasion, which are currently in the implementation stage or have already been implemented, will lead …

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Police has arrested two men for conducting illegal construction work inside an archaeological site at the western coast of the island of Mykonos. Police has reportedly said they detained on Wednesday afternoon a 21-year-old Egyptian and a 20-year-old Romanian national who were working in a plot of land where building …

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Attiki Odos highway tolls will be reduced from 2.80 euros to 2.50 according to the new concession contract. The contract, which was approved by the board of directors of the Hellenic Republic Asset Development Fund (TAIPED) and sent to the finance and infrastructure ministries for comments, stipulates that the tolls …

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Municipal taxes in Athens will be reduced by 5% across the board, Athens Mayor Kostas Bakoyannis said in an interview to Skai TV on Saturday. The mayor said that he would introduce the measure during the city council meeting in order to “relieve and support citizens – this winter will …

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From December 1, Greece will have to put into effect the decisions of the Energy Ministers’ Meeting held on Friday, September 30, which provide, among other things, the goal of a mandatory 5% reduction in electricity consumption during peak hours, but also a voluntary reduction by 10% of the total …

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Domestic consumption of natural gas in September shows a 40 percent decrease compared to last year, while there has also been an increase of Greek energy exports to Italy and the Balkans in that time, Environment and Energy Minister Kostas Skrekas said on Thursday. in Bucharest, at the Ministerial Council …

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Prime Minister Kyriakos Mitsotakis announced a permanent 13 percent reduction in the Unified Property Tax (ENFIA) on Wednesday morning. he added that the additional 13% reduction cover the government commitment for a total of 30% reduction in property taxes. Προχωράμε, σήμερα, σε μία νέα γενναία μόνιμη μείωση του ΕΝΦΙΑ κατά …

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Greece’s government is to introduce the new climate law designed to bring a “radical reduction of emissions”. The law expected to be submitted for public consultation later this week foresees among others the end to the sale of cars running on fuel or diesel by 2030, the ban of heating …

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One day before visiting Paris to meet with French President Emmanuel Macron, Prime Minister Kyriakos Mitsotakis spoke to French daily Figaro and invited investors to Greece. A thorough bill for taxation reduction for businesses will be presented in September, Mitsotakis told Figaro said adding that “income tax for businesses will …

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Finance Ministry has reportedly prepared a plan regarding the reduction of Unified Property Tax (ENFIA) for  the millions of property owners in Greece. The plan is to be gradually implemented in three staged and owners of small properties will see as reduction already this year when the ENFIA bills will …

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Prime Minister Alexis Tsipras announced on Tuesday the reduction of Value Added Tax on food items and catering services. The reduction from 24% to 13% is expected to contract a  relief for millions of Greek households who have been paying a high price to staple food items since 2015. Which …

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Prime Minister Alexis Tsipras announced a package of relief measures to relieve the life of debt-ridden Greek households. Among the measure for 2019 is the generous reduction of Value Added Tax in food items, catering industry, electricity and natural gas as well as the distribution of so-called 13th pension. Value …

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The Greek government is reportedly preparing a package of positive measures to sweeten voters ahead of the European an municipality elections in May. The package may include reduction in direct and indirect taxes, including the unified property tax ENFIA. According to Greek media, the package of measures that allegedly focus …

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Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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Households and businesses will see a small reduction in the prices of natural gas as the National Natural Gas Transmission System Operator SA (DESFA) announced it would lower its fees on the use of natural gas transmission infrastructure from May 1, 2018. The benefit is expected to be rolled over …

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Greece’s ministers, lawmakers, mayors and other high-ranking public officials are able to enjoy generous tax reductions reaching up to 2,000 euros per year. A Greek daily revealed that the reductions affect the so-called Solidarity Levy. The parliament voted in favor of such decreases already May 2016. The provision was included …

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Competitiveness is good – if it is real. With seven private company active in the energy sector, Greece’s Public Power Company (DEH) sees itself obliged to adjust to the new market conditions. As of 1. July 2016, PPC will grant 15% reduction to those private and business customers who pay …

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Greece’s lenders, the Troika rejected two of Greek government plans: the tax reduction in heating oil and the broadening of income criteria for those entitled to heating oil allowance. The government had proposed to decrease at 15% the Special Consumption Tax for heating oil and avoid the freezing of Greek households and the incredible air pollution of …

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