September 24, 2024
FEATURED, Tourism
German tour operators have reacted with anger and little understanding to the recent increase of fees for cruise passengers and of accommodation taxes announced by the Greek tourism Ministry last week. In a letter to the Ministry the German Travel Association (DRV) has asked for a transitional period in the …
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April 10, 2024
Economy, FEATURED
Tax authorities in Crete fined a nails technician with 35,000 euros for offering services without paying taxes. Accompanied by police, a team of the independent Public Revenue (AADE) was carrying out controls aiming to combat tax evasion on the island of Crete last week, were carried out last week in …
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October 30, 2023
Economy, FEATURED
Α draft bill that will specifically target self-employed who systematically declare extremely low annual incomes is underway by the Finance Ministry. Minister Kostis Hatzidakis reportedly plans to present the bill to the cabinet next week with the aim to crack down tax evasion. Speaking to media, finance ministry sources said …
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December 29, 2022
Economy, FEATURED
Foreigners will soon be able to pay their tax obligations in Greece with credit and debit cards issued by foreign banks, state broadcaster ERT reported on Thursday. Reason for this facilitation is that the Independent Inland Revenue Authority (AADE) is launching procedures to remove the legal and technical obstacles that …
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November 14, 2022
FEATURED, Tech
Cyber attack targets 800 services of Greece’s Gov.gr and TAXISnet – Medical prescriptions frozen. The unprecedented DDoS attack reportedly came from the Netherlands One of the biggest cyber attack s to hit Greece took place on Friday morning against the information systems of the Ministry of Digital Governance, centered on …
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October 30, 2022
Economy
Municipal taxes in Athens will be reduced by 5% across the board, Athens Mayor Kostas Bakoyannis said in an interview to Skai TV on Saturday. The mayor said that he would introduce the measure during the city council meeting in order to “relieve and support citizens – this winter will …
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September 25, 2022
Economy
Greece’s draft state budget for 2023 is expected to be finalized this coming week, before its tabling in Parliament on October 3. Basic features include lower taxes for citizens, particularly for pensioners and civil servants, by abolishing of a solidarity tax, and increases in salaries. The revenues lost will be …
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June 3, 2022
Economy, FEATURED
Finance Minister Christos Staikouras ruled out cuts on the special consumption tax on fuel, as prices reached new records this week, Greeks struggle to fill their vehicle tank and the domino effect of the hikes affects every sector of the economy. “Greece will have a primary deficit this year, as …
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February 2, 2022
Economy, FEATURED
Prime Minister Kyriakos Mitsotakis announced a permanent 13 percent reduction in the Unified Property Tax (ENFIA) on Wednesday morning. he added that the additional 13% reduction cover the government commitment for a total of 30% reduction in property taxes. Προχωράμε, σήμερα, σε μία νέα γενναία μόνιμη μείωση του ΕΝΦΙΑ κατά …
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June 8, 2021
Economy
Greece’s Finance Ministry announced the new property zone rates on Monday in an effort to adjust the so-called objective values with the commercial values and have millions of real estate owners be taxed for their properties accordingly. The new property zones, 13,808 in total, are overhauled across the entire country …
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March 18, 2020
CORONAVIRUS, Economy
A financial aid of 800 euros for employees, suspension of tax and social security contributions and VAT decreases for goods related to coronavirus protection are among the economic measures announced by the Greek government on Wednesday. The package of financial measures to fight recession caused by the pandemic is worth …
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February 3, 2020
Social
A starving student recently collapsed on the way home and fell to the ground in front of the eyes of stunning passersby. The incident took place in Pyrgos, southern Peloponnese. According to local media, both parents are unemployed and had hardly any money left after they paid their taxes to …
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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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April 24, 2019
Economy
The Greek government is reportedly preparing a package of positive measures to sweeten voters ahead of the European an municipality elections in May. The package may include reduction in direct and indirect taxes, including the unified property tax ENFIA. According to Greek media, the package of measures that allegedly focus …
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March 21, 2019
Economy
A total of 8,907,722 Greek taxpayers paid 8.328 billion euros in taxes in 2018 on declared income of 73.612 billion euros, official figures showed on Thursday. The figures, released by the Independent Authority for Public Revenue (AADE), showed that from the total declared income of 73.612 billion euros, 60.403 billion …
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November 14, 2018
Economy
When it comes to property taxation, Greece holds the fourth place in the European Union, after France, UK and Belgium, a study conducted by the Foundation for Economic and Industrial Research (IOBE) has shown. . Property Taxes (left): Greece after France, UK and Belgium. Repeated Property Taxes (right): Greece after …
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November 12, 2018
Economy
Tax officials have ordered a primary school cooperative that grows vegetables to shut down after the schoolchildren were unable to pay a tax of 800 euros for last year’s revenues of just 200 euros. The tax office in Nea Moudania, Halkidiki in Northern Greece, classified the school project as a …
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September 26, 2018
Economy
Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday. € “The Greek government is owed so much in tax arrears …
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September 24, 2018
Economy
Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …
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September 6, 2018
Economy
The Council of State (CoS) has rejected an appeal by the Orthodox Church of Greece requesting that it be excluded from paying taxes on income generated from the leasing of properties in urban areas. The Church had requested a return of 2.9 million euros in taxes paid for income generated …
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