The Athens Tax Office on Wednesday confirmed that electricity producers owe 367,067,027.54 euros in total for the extraordinary levy of 90%, based on the increase of their gross profit margin for the period October 2021-June 2022. This amount, as stated by Finance Minister Christos Staikouras, is payable until December 30, …
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Greece is eurozone’s leader in VAT tax charges, says OECD
Greece is one of the top five countries in the Organization for Economic Cooperation and Development (OECD) in value-added tax charges and the first in the eurozone, together with Finland. Indirect tax revenues currently make up about 56.4% of takings in Greece, while direct taxes account for 35.4% (the rest …
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Greece’s Platform for 2021 income tax declarations opens March 31
The online platform for filing 2021 income tax declarations opened on Thursday, March 31, 2022. Upon entering the platform, taxpayers must confirm their personal data and contact details. Access is possible with the special taxisnet codes. About 6.4 million taxpayers are required to file tax declarations by the summer. It …
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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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Greece offers tax incentives to attract foreigners, expat Greeks
The Greek government tabled on Tuesday a draft bill in Parliament offering tax incentives to attract foreign taxpayers in Greece. The incentives include generous tax cuts and tax exemptions for homes and vehicles. Finance Minister Christos Staikouras said that the government begun this process with the law 4646/2019, introducing the …
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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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Tax authorities seize ‘fire compensation’ to unemployed, Mati resident
Normally, compensations and extra allowances paid by the state are tax-free and cannot be seized if the beneficiary has debts to tax authorities or social security funds. This is what a man whose home was burned down in deadly wildfires of July also thought. He was proven wrong. From the …
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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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Levy 2%-6% on Tablets, Smartphones, PCs, storage devices, raises total tax at 26%-30%
A levy of 2%-6% imposed on smartphones, tablets, laptops, desktops and all electronic storage devices raise the total taxes on these devices at 26%-30%. Thee levy is to benefit “third parties”, holders of copyright. A government amendment imposes a 2% tax on purchases of smartphones, laptops, desktops and USB sticks, …
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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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Tax protest: Church leaders shut Church of the Holy Sepulchre in Jerusalem
Church leaders in Jerusalem shut the Church of the Holy Sepulchre on Sunday in protest at a new Israeli tax policy and a proposed land expropriation law which they called an unprecedented attack on Christians in the Holy Land. Roman Catholic, Greek Orthodox and Armenian church leaders said the holy …
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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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