June 3, 2024
Economy
A legal suit filed with the Council of State on June 17 intends to contest a 2023 tax law establishing a minimum presumptive income for the self-employed, the Coordinating Committee of Freelancers, Professionals, Craftsmen and Merchants announced during a press conference on Monday. It has proposed that all its members …
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January 17, 2024
FEATURED, Greece, Politics
What is the solution for the demographic problem in Greece? Certainly more children. But how will this be possible when the generations in reproductive age hardly make the month ends meet with the low salaries they earn, high rents and utility bills, galloping inflation, lack of incentives, no child care …
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January 10, 2024
Economy, FEATURED
The Greek government on Tuesday presented a draft law to integrate into national legislation a European directive on implementing a minimum tax rate on multinational enterprises and large-scale domestic groups which could lead to a supplementary tax of up to 15% on profits. The Pillar II directive (EU 2022/2523) is …
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November 1, 2023
Economy, FEATURED
Greece’s government announced on Tuesday that as of this year self-employed professionals will be presumed to earn a minimum of 10,920 euros per year and will be taxed accordingly through their tax return declarations submitted in 2024. The unprecedented decision coming two months before taxation year 2023 expires follows statements …
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July 10, 2023
Economy, FEATURED
The government is about to initiate changes in the legal framework and possibly taxation for some 145,000 residences in Greece. The increase in short-term rentals, with the revenues of the state almost tenfold over a period of four years and currently amounting to 530 million euros, is leading the government …
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May 25, 2023
Economy, FEATURED
More than six million taxpayers in Greece, a total of approximately nine million (a ratio of 7 out of 10), declare to the Tax Office annual incomes of less than 10,000 euros, with the total amount amounting to 18.3 billion euros. € However, due to the fact that approximately two …
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November 24, 2022
Economy
Greece and Australia are negotiating an agreement to avoid double taxation. this was announced by Deputy Foreign Minister in charge for Economic Diplomacy and Openness, Kostas Fragogiannis. In an interview with the Australian expatriate newspaper “Hellenic Herald”, Fragogiannis underlined the great potential for strengthening cooperation with Australia and the great …
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November 18, 2022
Economy, FEATURED
Rents in Greece’s major urban centers skyrocket and so do the landlords’ demands. the reasons are diverse but mainly the increase of the so-called “subjective prices” consequently the rise of property taxes as well as the rising cost of living. As incomes remain stagnant, though, access to affordable housing has …
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March 23, 2022
Economy
Prime Minister Kyriakos Mitsotakis said on Wednesday that majority of the excess profit of energy companies will be taxed and so that they will contribute to address the losses sustained by the citizens during the energy crisis. Speaking at the Parliament the Prime Minister said that energy companies will be …
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November 7, 2019
Economy
The Greek Finance Ministry has reportedly corrected the provisions for the collection of 30% of annual income via electronic receipts following strong reactions. In order to achieve tax returns, taxpayers should spent 30% of their income in e-transactions, otherwise they are threatened with a penalty of 22%. In the new …
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July 15, 2019
Economy
The Independent Authority for Public Revenues (AADE) on Sunday revealed that it has tracked down some 20,000 undeclared short-term rental properties on the Airbnb platform , which had not been added by their owners to the AADE electronic register. The authority has also found 130 property owners that had concealed …
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June 24, 2019
Economy
“Such high taxation strengthens coffee smuggling and reduces the chances for investments,” commented Mario Cerutti, president of the European Coffee Federation (ECF) said describing the impact of coffee taxation in Greece Coffee in this country is not only aggravated with value-added tax but has also been saddled with a special …
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June 11, 2019
Economy
Taxation cuts for the middle class are top on the elections programs of the two parties racing to form the next Greek government: left-wing SYRIZA and conservative New Democracy. The stake of the snap election between the two main competitors for the government power is to attract voters from the …
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March 10, 2019
Economy
The problem of Greek economy “is not the level of taxation but the distribution of tax burden,” said the coordinator of Parliament’s Budget Office, Fragiskos Koutentakis.he pointed out that although the Greek economy is on positive course, the wounds of the economic crisis will need time to fully close. In …
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September 14, 2018
Economy
Taxation of American companies in Greece is not as major an issue as the lack of a stable taxation system, Greek-American business managers told Deputy Foreign Minister Terens Quick at a meeting in Thessaloniki on Friday. The meeting was held in the context of the 83rd Thessaloniki International Fair (TIF), …
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August 31, 2018
Economy
Greek tax authorities finally activated the platform for registrations for revenues from short-term rentals via online platforms like Airbnb, Home Away and others. The registration platform “Short Term Residence Rentals Registration” went in operation late Thursday night. It mainly concerns property owners, natural persons and legal entities, that lease their …
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July 2, 2018
Economy
Greeks need to work 198 days in the current year in order to be able to pay their taxes to the state and their social security contributions. According to a report by the Markos Dragoumis from the think tank Center for Liberal Studies (KEFIM), Greeks have to work for more …
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April 12, 2018
Economy
Greece’s Finance Ministry submitted a regulation to the Parliament offering tax protection to occasional workers with low annual income. The regulation refers to incomes obtained in 2017 and was submitted ahead of the tax declarations to be made in coming weeks of 2018. The regulation allows low-income tax payers who …
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March 5, 2018
Economy
Greece’s Council of State opened the door for spouses couples to separately submit their tax declarations. The CoS decision is also an attempt to stop virtual divorce applications that have increased in last year, in an effort of couples to avoid or pay less taxes. This decision justified a taxpayer …
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November 24, 2017
Economy
Greece experienced the largest tax increase among 35 members of the member states of the Organization for Economic Co-operation and Development (OECD) last year. According to new figures released by the OECD, taxes in Greece went up to 38.5 percent in 2016, reaching a 30-year high. Tax revenues in Greece, …
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