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Tag Archives: tax

Greece to enable tax payments via foreign credit and debit cards

Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad. The Independent Authority for Public Revenue has reportedly already began a public consultation process and the contractor to undertake the project will be decided within 15 days. Payment to …

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Finance Ministry extends tax filing deadline to Sept 17

The Finance Ministry announced the extension of the deadline to file taxes this year until September 17, 2021. The installments of taxes to be paid in July and August must be paid by September 17, the ministry said. Filers who want to use the 3% reduction on total tax owed …

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Greece’s PM announces lower taxes, social security contributions

Prime Minister Kyriakos Mitsotakis announced on Thursday five measures to lower taxes and social security contributions for workers and businesses. The package of reductions is worth 2.5 billion euros. He said the measures will allow companies that sustained losses during the pandemic to return to profitability and will also pump …

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Greece’s Central banker calls for further tax reforms

Reforming the tax system is imperative to avoid upsetting fiscal balance in the post-pandemic period, Bank of Greece’s governor Yannis Stournaras said on Wednesday, addressing the Academy of Taxation and Accounting of the European Organization of Civil Law. In his speech, the central banker said it is necessary to change …

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26 Greek islands exempted from unified property tax (ENFIA)

26 Greek islands are exempted from the unified property tax (ENFIA) for the year 2020. The exemption was announced by Prime Minister Kyriakos Mitsotakis on Saturday. Today, finance authorities published the list of the 26 remote islands, where property owners will not pay the property tax this year. These 26 …

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Greece lowers limit for cash transactions to 300 euros

Greece lowers the limit of cash transactions from 500 euro to 300. Purchases with a value above the new limit should be made exclusively through electronic payments. The new limit is thought as a measure to combat tax evasion. This is one of the measures of the draft tax bill …

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Greece reconsiders tax hike for online gambling

The Greek government has reconsidered its plans to introduce double taxation on online gambling in the country. Earlier in the month, the country’s Ministry of Development and Investment revealed its plans to introduce tax hikes for the online gambling industry in the country. In the said proposal the cost of …

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Mitsotakis: Business tax down to 24% for 2019 incomes, at 20% as of 2021

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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“Full prepayment of business tax should be abolished,” says Varoufakis

“Unless the full prepayment of business tax is abolished, the recession, the migration of people and businesses will not stop and real investments will not arrive,” former finance minister and leader of MeRA25, MP Yanis Varoufakis has said. H epointed out that “New Democracy and SYRIZA are tied up to …

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Greece’s tax inspectors learn in self-defense classes to deal with furious tax evaders

Combating tax evasion can be very challenging not only mentally but also physically. Tax inspectors in Greece have not only to think out tricks to trap tax evaders and expose their illegal profits. Much too often they have to deal also with angry offenders who would not be satisfied to …

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Operation of Michelin star restaurant suspended for 48h over alleged tax violations

Tax inspectors from the Independent Authority for Public Revenues imposed a 48-hour suspension in the operation of One Michelin Star ‘Varoulko,’ one of the most prominent restaurants in Greece. The high quality sea food restaurant in Mikrolimano, Piraeus, fights back saying the decision was “unjust” and announces to appeal to …

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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 …

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Greece to regulate online gambling market with juicy tax and ambitious revenues target

After the regulation of TV licenses, Greece is trying to regulate the online gambling landscape. A new government-commissioned study has suggested Greece stick with its controversial plan to impose a 35% tax on online gambling revenue. There are signs that Greece is getting serious about collecting some online gambling revenue …

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