Wednesday , May 22 2019
Home / Tag Archives: taxes

Tag Archives: taxes

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

“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 …

Read More »

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 …

Read More »

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, …

Read More »

US, Greece agree to exchange tax reports on multinationals

The US IRS announced this week on its website that the US has entered into a bilateral competent authority agreement with Greece to exchange country-by-country reports on multinationals. The agreement, signed September 27, puts into effect a 2015 deal reached by OECD and G20 nations under the base erosion profit …

Read More »