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Tag Archives: taxation

Greece and Australia discuss agreement to avoid double taxation

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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Rents in Greece’s major urban centers skyrocket

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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Taxpayers in small villages, islands to benefit from tax reforms

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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Greek authorities discover 20,000 tax undeclared Airbnb properties

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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High taxation boosts coffee smuggling in Greece, says ECF

“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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Stake of Greece’s snap elections: Taxation cuts to attract middle class voters

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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Greece’s problem is the “distribution of tax burden,” says Budget Office coordinator

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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Greece needs a stable taxation system, say Greek-American businessmen

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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Tax platform for revenues from short-term rentals via Airbnb is online

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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Greeks need to work more than half a year just to pay dues to the state

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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Greece’s Council of State gives spouses the right to submit separate tax declaration

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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OCED confirms Greece’s “tax tsunami” in 2016

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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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 …

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Greek shipowners to extend voluntary tax pay also in 2018

Greek shippers intend to discuss the extension of their voluntary economic contribution to the state into 2018 in the context of an extraordinary general meeting of the Union of Greek Shipowners (EEE) scheduled for June 26. Sources told Kathimerini that the extension of this optional levy is all but certain, …

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IMF demands €450mn austerity cuts in unemployment, poverty allowances for 2018

The austerity nightmare has no end. Despite the fact that the International Monetary Fund has only an adviser role in the third bailout program, it keeps pushing and pushing for cuts and more cuts without end. It wants cuts in unemployment allowance – currently at 360 euro. Cuts in poverty …

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