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Tag Archives: taxation

Airbnb refuses to disclose financial data to Greece’s Finance Ministry

November 14, 2017 Economy 2

Airbnb refused to provide the Greek Finance Ministry with information on property rentals thus delaying the launch of an online platform where owners should register the rental transactions and pay the necessary taxes. According to information obtained by economic news website economy365.gr, the Finance Ministry has tried for five months …

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 …

Greek shipowners to extend voluntary tax pay also in 2018

June 15, 2017 Economy Comments Off on 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, …

Parliament Speaker announces Lawmakers to be equally taxed as ordinary Greeks

May 12, 2017 Greece, Politics 4

Speaker of Greek Parliament, Nikos Voutsis, announced the …unprecedented: That Greek lawmakers will be equally taxed as the ordinary Greek citizens. Speaking to private television Kontra TV, Voutsis said on Thursday that he will introduce an amendment according to which MPs will no longer enjoy taxation benefits. “There will be …

Greece’s Gov’t can collect up to €48million in 2018 by taxing Airbnb-rentals

May 11, 2017 Economy 5

A total of 48 million euros is estimated to go into Greek state coffers in 2018 if the Greek government manages to collect tax from Airbnb-style short-term rentals. According to estimates, more than 8,000 properties in Attica alone are being leased out to tourists illegally. Airbnb-style rentals are depriving the …

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

April 29, 2017 Economy Comments Off on 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 …

Blow to Greece’s poor! Commission, IMF set tax-free basis at €5.685 annual income

April 27, 2017 Economy, Social 3

The yearly tax discount will be reduced by 650 euros as of 2020, according to a draft agreement submitted to the government by the European Commission and the International Monetary Fund. The tax-free basis will be lowered from €8,636 currently to €5,685. In simple words this means: taxed will be …

Greece to tax short-term rentals via Airbnb with 15%-45%, and the platform with 5% per transaction

November 8, 2016 Economy 22

The Greek Finance Ministry has apparently prepared the long awaited law that will charge up to 45% on taxes for short-term rentals via online platforms like Airbnb. Greek media report today that the deputy minister in charge of taxes Tryfon Alexiadis has submitted the draft to Katerina Papanatsiou, the minister …

Blow to businesses: Employers to pay social security contributions for …”deemed employees”

August 29, 2016 Economy 16

A new bomb shell is expected to explode in the heads and pockets of Greece’s business owners: they will be called to pay social security contributions not according to the number of employees but according to “deemed criteria” – in common English: according to employees they ought to have. Who …

Greek private taxpayers owe €89billion – No wonder with such taxation system amid recession

August 5, 2016 Economy 9

Hundreds of thousands Greek taxpayers are threatened with seizure of their assets as tax offices have already sent 1,492,088 relevant notifications saying more or less: pay or forget your assets. Freezing of bank accounts, seizure and auctions: homes and properties, shops and land-plots come under the hammer for debts to …

CoS rules “People earning income abroad may be taxed” outside Greece

July 11, 2016 Economy 9

Greece’s Council of State put an end to double taxation of Greeks living and working abroad but also to foreigners living in Greece but earn an income abroad. The CoS ruled that “Greeks who live and work in foreign countries may be taxed in the places of residence for income …

Greece desperately tries to combat tax evasion but with such over-taxation… no chance!

June 22, 2016 Economy 8

Companies systematically evading taxes will soon see a padlock on their doors for 30 days. This new kind of fine to Greece’s tax evaders was announced today by the General Secretary of Public Revenues. The same fine will be imposed to company owners who prohibit tax inspectors from conducting inspections …

Greece’s parliament votes Pensions Reforms, Taxation – A Hell of a Protest Day

May 8, 2016 Politics 5

Protest rallies against the Pensions Reform and the new taxation system started already at 10 o’ clock on Sunday morning with thousands of Communist KKE union PAME-members to have gathered at Syntagma square outside the Greek Parliament. An hour later, members of private sector unions umbrella GSEE started to flock …

Tsipras rushes to Paris for unscheduled meeting with Hollande

April 12, 2016 Economy, Politics Comments Off on Tsipras rushes to Paris for unscheduled meeting with Hollande

Prime Minister Alexis Tsipras is rushing to Paris to meet French President Francois Hollande. As the meeting was not planned, Greek media wonder whether the urgent trip to Paris has something to do with the break in Greece-Creditors Review Talks and the Government decision to submit two bills to the …

Tax Shock! Greek gov’t to raise income tax to 50% for €60K-incomes. Really?

February 3, 2016 Economy Comments Off on Tax Shock! Greek gov’t to raise income tax to 50% for €60K-incomes. Really?

The Greek government aims to get additional 400 million euro revenues from taxes alone in the current year. But where it will get them from? From the better-earners. Therefore it reportedly submitted a groundbreaking proposal to the country’s creditors: taxation of 50% for those ‘natural persons’ – i.e. employees – …

2016 – The Year of New Greek Tax Hikes

January 4, 2016 Economy 2

I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of …

Police teargases angry farmers outside the Greek Parliament (videos)

November 18, 2015 Society Comments Off on Police teargases angry farmers outside the Greek Parliament (videos)

Jeering, tear gas, sound flares, water bottles and oranges were the highlights of the farmers’ protest outside the Greek Parliament at Syntagma Square on Wednesday. More than 3,500 farmers, breeders and fishermen from all over Greece had gathered in Athens to protest taxation and social security reforms in their sector. …

Greek Church dismisses as “urban legend” claims that it does not pay taxes

September 7, 2015 Very Mix 2

The Greek Church dismissed claims that it does not pay taxes to the state and described such claims as “urban legend.” In a statement issued by the Holy Synod, a committee of 13 bishops, the Greek Orthodox Church officially replied to a comment by interim Economy Minister Nikos Christodulakis to …

Greece’s newborn babies to get Tax Identification Number as of 1.1.2016

August 24, 2015 Economy 59

Awa! So cute! As long as a newborn will let its first scream and take a deep breath of tax-evasion-free Greek air, it will get a Tax Identification Number (AFM). The AFM-number is necessary, for the case, the newborn Greek -who may look innocent and guileless today – turns into …

Greece submits Proposals to creditors: €12bn measures for €53bn ESM loan (2015-2018)

July 10, 2015 Economy, Politics 29

Thursday night and before the deadline expired, Greece sent its proposals to the creditors, proposals that will form the basis for negotiations for a loan from the European Stability Mechanism. Roughly estimated, the Greek government offered measures (“prior actions”) worth €12-13billion for an ESM loan worth €53billion for the from …

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