June 20, 2024
Economy, FEATURED
Prime Minister Kyriakos Mitsotakis on Thursday said that the imposition of an extraordinary tax of 33% on the “very high profits of refineries” was “an act of social justice that has political and moral legitimacy,” in his interview with Real Fm radio station. “This is a fair decision due to …
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May 24, 2024
Economy, FEATURED
Determined to provide Greeks with less and less services in the public health, Greece’s Health Minister Adonis Georgiadis came up with an idea that not only will turn Greeks into “super healthy citizens” but will also increase revenues for the Ministry. The solution is “special tax”, the “sin tax” as …
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April 17, 2024
Economy, FEATURED
Greece’s tax authorities are increasing the burden on owners choosing to rent out their property short-term. A recent circular by the Independent Authority for Public Revenue (AADE) includes a provision that states that any short-term rental accommodation should operate as a company branch, which is also subject to a fee …
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February 14, 2024
Economy, FEATURED
The installments for the payment of the so-called “Unified Single Property Tax” (ENFIA) are increasing with an amendment submitted by the Ministry of National Economy and Finance to Parliament. At the same time, the deadlines for submitting the E9 form of realty declarations for those who want to make corrections …
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September 28, 2023
Economy, FEATURED
An increase in tax rates is definitely not in the government’s plans, government spokesperson Pavlos Marinakis stressed speaking to SKAI FM on Thursday. He had been asked to clarify whether new taxes will be imposed on one-person businesses such as free-lancers. A day earlier, Deputy Economy Minister, Haris Theoharis, had …
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July 27, 2023
Economy
The deadline for the filing of income tax returns for 2022 has been extended to August 31, following the passing of an amendment in parliament. However, the payment deadline for the first tax instalment remains July 31. In effect, this means that taxpayers who submit their returns by the new …
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June 23, 2023
Economy
A special group of Independent State Revenue Authority- AADE auditors is “scanning” social media for possible digital dodgers. It searches Facebook, Instagram, TikTok to detect suspicious transactions, cases of illegal trade and enrichment. The case of the well-known influencer, who was caught evading taxes and is facing a fine of …
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June 12, 2023
Economy
Greece’s Independent Authority for Public Revenue (AADE) is preparing to step up the war on tax evasion this summer by enlisting the aid of a new digital “weapon” dubbed “ELEGXOSLive”, in hopes of boosting tax compliance on Greek islands and other tourist areas. The digital app will allow on-the-spot access …
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April 7, 2023
Economy
The Independent Authority for Public Revenues (AADE) is launching an online platform on Friday, April 7, 202, for the payment of outstanding debts to tax offices and insurance funds. The measures concerns all those who either lost the old arrangements for settling tax and insurance debts in 72 to 120 …
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February 28, 2023
Economy, FEATURED
Inspectors of the Independent Authority for Public Revenue (AADE) located extensive tax evasion in eleven services sectors. The amount of total tax evasion is 15 million euros. All are companies to which the controls were targeted and with special handling and the results were the object processed by special software …
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February 12, 2023
FEATURED, Society, Strikes
Taxi drivers in Athens will hold a work stoppage and a general meeting of their union SATA to discuss and promote financial and other demands on Monday, February 13, 2023. The work stoppage will take place between 12 o’ clock noon and 8 o’ clock in the evening. In an …
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December 1, 2022
Economy
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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July 25, 2022
Economy, Uncategorized
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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March 31, 2022
Economy
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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January 20, 2022
Economy, FEATURED
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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August 4, 2021
Economy
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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April 22, 2021
Economy
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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March 18, 2021
Economy
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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November 24, 2020
Economy, FEATURED
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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September 15, 2020
Economy
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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