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Tag Archives: taxes

PM Mitsotakis announces 13% permanent reduction in property tax ENFIA

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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Greece 2020: Starving child faints after unemployed parents pay taxes

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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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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Greek gov’t to go to May elections with VAT and income tax reductions

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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6:10 Greek families declared annual income of less than €10,000

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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Greece holds 4. place in property taxation in the EU, real estate prices on the rise

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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Greeks owe €182.billion in tax arrears to the state

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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Greece budget primary surplus reaches €3.15billion in Jan-Aug 2018

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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Council of State rejects Church appeal for tax-free revenues from leased properties

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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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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OECD Greece report: High taxes and almost nonexistent benefits

Over taxation of low and medium incomes, low wages, non existing benefits, a poor education system: these are the key words in chapter “Greece” as presented by the Organization for Economic Cooperation and Development (OECD) in its Going for Growth 2018 report beginning of the week. the international organization takes …

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“Greek taxpayers will see a tax reduction of €3.5billion,” says Tsakalotos

Greek taxpayers will see a tax reduction of 3.5 billion euros in the near future, Finance Minister Euclid Tsakalotos said in Iraklio, Crete, on Friday. He did not define “near future” thought, neither did he revealed how this tax reduction will look like… Speaking at an Iraklio Chamber event, Tsakalotos …

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Greece to regulate online gambling market with juicy tax and ambitious revenues target

After the regulation of TV licenses, Greece is trying to regulate the online gambling landscape. A new government-commissioned study has suggested Greece stick with its controversial plan to impose a 35% tax on online gambling revenue. There are signs that Greece is getting serious about collecting some online gambling revenue …

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