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Tag Archives: tax

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

September 20, 2018 Economy Comments Off on 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 …

Tax authorities seize ‘fire compensation’ to unemployed, Mati resident

August 14, 2018 Social 1

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 …

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

June 1, 2018 Economy Comments Off on 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 …

Levy 2%-6% on Tablets, Smartphones, PCs, storage devices, raises total tax at 26%-30%

May 16, 2018 Economy 7

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, …

Greek Absurdistan: Gov’t considers a 6-euro tax on Tsipouro

May 8, 2018 Economy 1

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 …

Tax protest: Church leaders shut Church of the Holy Sepulchre in Jerusalem

February 25, 2018 World 1

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 …

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

February 3, 2018 Economy Comments Off on 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 …

Greece to abolish excise tax on wine after completion of third review

January 30, 2018 Economy 1

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 …

Greece, Bulgaria agree on actions to tackle tax avoidance by Greek businesses

January 21, 2018 Economy 1

Once the austerity measures set in, thousands of Greek businesses moved their headquarters to Bulgaria to avoid over taxation. Now, Greece and Bulgaria agreed on a number of actions to tackle smuggling of goods across the borders and the tax avoidance of Greek companies who set up fictitious headquarters in …

OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

September 14, 2017 Economy Comments Off on OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

Greece is defying the prevalent trend among the world’s industrialized nations for reducing tax rates in order to boost investment and competitiveness, a report published by the Organization for Economic Cooperation and Development (OECD) has shown. In contrast Greece has increased labor and corporate taxes, Value Added Tax as well …

Tax audits older than 5 years are against the Constitution, Council of State rules

June 29, 2017 Economy 3

Hundreds of thousands of tax audits going back to 2001 will have to be cancelled following the ruling of the Council of State. The Plenary decided that tax audits going beyond the five-year limit are against the Constitution. The Council of State decision is final and irrevocable. The ruling is …

€32bn tax scandal under the nose of German Finance Ministry

June 10, 2017 Economy 1

An international group of bankers, lawyers and stockbrokers appears to have fiddled the German tax system at 32 billion euros over a period of 15 years. Right under the nose of the German finance ministry. A report by German media state broadcaster ARD and weekly DIE ZEIT claims that the …

Greek banks propose “tax on cash withdrawals” to combat tax evasion

November 27, 2016 Economy 19

Greek banks propose a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy. One of the measures proposed is a special tax on cash withdrawals. Bankers reportedly stress that cash money can easily and largely be channeled in the …

Greece’s state to cash taxes for property sales retrospective for 10 years

September 20, 2016 Economy 4

It doesn’t matter if a property sale concluded five to ten years ago, the seller registered the sale in the finance ministry thus paying the relevant taxes and putting the earned amount to a bank deposit. Greek Finance Ministry claims that according to previous legislation and common practice, property sellers …

Greece to tax and fine Airbnb-style vacation rentals, force landlords to register as business

June 15, 2016 Tourism, Travel 9

Greece has apparently decided to follow the taxation model of the German city of Munich and will impose and cash tax from Airbnb-style rentals. The Finance and the Tourism Ministry are reportedly preparing a bill to tax peer-to-peer property rentals in unlicensed accommodation. Furthermore, fines will be impose to owners …

IMF’s Thomsen: measures €8,1bn, no gov’t spending cuts but more taxes for low-incomes

April 15, 2016 Economy 2

After all this whining by the managing director of the International Monetary Fund Christine Lagarde, the European official for the Greek program Poul Thomsen finally revealed what Lagarde meant with: “3.5% Primary Surplus might be achievable in short-term with heroic efforts by Greek people” Heroic efforts mean austerity measures worth …

Greece considers Special Tax on Bank Transactions to avoid pension cuts

December 28, 2015 Society 4

The Greek government is allegedly considering to impose a special tax on bank transactions in order to avoid further cuts into main pensions as demanded by the country’s creditors. The government’s alleged thought have been revealed by daily Ta NEA, at a time when Greece and creditors keep exchanging ‘negotiation’ …

Varoufakis plans small tax on ATM and bank transactions? No, it was the Brussels Group proposal

May 26, 2015 Economy 4

Finance Minister Yanis Varoufakis dropped a small bombshell on Tuesday. Speaking to reporters, he said that a small tax may be imposed on transactions from ATMs. While Greeks tried to recover from the shock, private MEGA TV reported that the small tax may be 1‰ to 2 ‰ , that …

Deputy FinMin: “Tax reduction in private vehicles & abolishion of solidarity levy”

May 29, 2014 Economy Comments Off on Deputy FinMin: “Tax reduction in private vehicles & abolishion of solidarity levy”

Deputy Finance Minister Giorgos Mavraganis announced the tax reduction in private vehicles and the scrapping of the emergency solidarity levy of 1%-4% for annual incomes from €12,000 – €100,000+. He added that these changes will occur as soon as the economic conditions allow… Mavraganis stressed also that priority of the …

Greek gov’t withdraws €25 hospitalization fee, puts extra tax €0.05 on cigarettes

January 7, 2014 Society 3

Prime Minister Antonis Samaras was forced to withdraw the 25-euro hospitalization fee bowing to the strong pressure of his coalition partner PASOK. The decision was taken on Tuesday afternoon, after a meeting between the PM and deputy PM, Samaras and Venizelos. The controversial hospitalization fee was to bring 40 million …

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