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Tag Archives: V.A.T.

Bitter disappointment: Value Added Tax for Coffee won’t be reduced

Greeks cheered on Tuesday to hear the reduction of Value Added Tax form 24% to 13%. On Thursday, they were deeply disappointed to learn that their most favorite drink, the coffee, won’t be any cheaper. The Greek Finance Ministry clarified on Wednesday evening that the V.A.T. in Coffee, Tea, Chamomile …

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EU Tax Commissioner Semeta tells Greeks to forget V.A.T. lowering & build “fair taxation system”

EU Commissioner for Taxation put a heavy tombstone in Greece’s hopes to reduce the Value Added Tax in catering services and goods. During a press conference in Athens, Lithuanian Algirdas Semeta made it clear that there was no room for tax reduction. Instead he advised Samaras’ government to build a …

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Great Expectations on tax lowering crashed by the wheel of IMF-steamer Christine Lagarde

With the Troika representatives back in Athens, Greece reportedly gives a battle to achieve the lowering of Value Added Tax in catering services and goods from  currently 23% down to 13%. So far the signals from the country’s main lender International Monetary Fund are not promising. Christine Lagarde was clear …

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Hydra: Residents Clash with Police Over Tax Evasion

This had never happened before – at least not in Greece: that citizens take public servants as hostages and clash with riot police over tax evasion. There had been some incidents where residents of small communities attacked tax inspectors throwing stones. But clashing with police? Cutting water and electricity to a police …

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