Home / Tag Archives: VAT

Tag Archives: VAT

Reduced VAT for food, social services, hotels goes into effect as of May 20

May 20, 2019 Economy, FEATURED 0

Greece’s Independent Public Revenues Authority has issued a circular with regards to the new decreased Value Added Tax that goes into effect as of Monday, May 20, 2019. The circular analytically describes the sectors affected by the decreased V.A.T. It affects hundreds of food items, catering services but also hotels …

Greek Parliament passes bill for “relief measures”, settlement for state debtors

May 15, 2019 Economy 0

The overwhelming majority of Greek Parliament approved the Labor Ministry bill introducing the 120-installment settlement for debtors to the state as well as the package of “relief measures” like the reduction of Value Added Tax and the so-called “13th pension.” The bill was voted in principle by ruling party SYRIZA, …

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

May 9, 2019 Economy 0

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 …

V.A.T. reduction from 24% to 13%: Which sectors and items it affects

May 8, 2019 Economy 4

Prime Minister Alexis Tsipras announced on Tuesday the reduction of Value Added Tax on food items and catering services. The reduction from 24% to 13% is expected to contract a relief for millions of Greek households who have been paying a high price to staple food items since 2015. Which …

Greek PM announces V.A.T reductions in food, electricity, gas and 13th pension

May 7, 2019 Uncategorized 0

Prime Minister Alexis Tsipras announced a package of relief measures to relieve the life of debt-ridden Greek households. Among the measure for 2019 is the generous reduction of Value Added Tax in food items, catering industry, electricity and natural gas as well as the distribution of so-called 13th pension. Value …

Ambassador Ploetner denies “migrants’ returns trade” between Germany and Greece

July 1, 2018 Greece, Politics Comments Off on Ambassador Ploetner denies “migrants’ returns trade” between Germany and Greece

German Ambassador to Greece Jens Ploetner has vehemently rejected speculations that Berlin traded with Athens to accept migrants’ returns in exchange of suspension of VAT hikes on islands hit by the Refugee crisis. In an interview with Kathimerini, Ploetner vehemently denied speculation that the name deal signed between Greece and …

Airbnb rentals in Greece may be VAT-exempted under certain conditions

March 28, 2018 Economy Comments Off on Airbnb rentals in Greece may be VAT-exempted under certain conditions

Short-term property rentals through online platforms like Airbnb can be exempted from Value Added Tax under certain conditions. According to a circular issued by the Independent Authority for Public Revenue, VAT exemption is provided in cases where the owner does not offer any additional services to guests comparable to hotel …

Gov’t to hand out social aid €500-€2,100 to islanders as compensation for the VAT increase

December 20, 2017 Social, Society Comments Off on Gov’t to hand out social aid €500-€2,100 to islanders as compensation for the VAT increase

An extraordinary social handout from 500 to 2,100 euros, depending on the family size and economic criteria, will be given to islanders in 2018 as a readjustment offset for the abolition of lower VAT scale applied on transactions on the Greek islands. On Tuesday, the government announced that VAT rates …

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 …

UPD Greece Warning! Extreme “Indirect Taxes” Conditions at a speed of 1.8bn euro!

May 16, 2016 Economy 7

A package with indirect taxes and special consumption taxes and fees worth 1.8 billion euro is expected to be submitted to the Parliament on Tuesday or Wednesday and be voted before the Eurogroup meeting on May 24th. The package can only be compared with an everything-sweeping hurricane, tsunami and volcano …

Greek Gov’t under pressure: prior actions vs 2 billion euro bailout tranche

October 29, 2015 Economy 9

Greek government is under immense pressure as money has run out, and the expected 2-billion-euro bailout tranche has not arrived yet. The Eurozone technocrats, the members of the Euro Working Group are supposed to make their first review of the implementation of the bailout programm and decide today whether Greece …

Value Added Tax on fire: Crazy hikes in food & tourism

July 20, 2015 Economy 86

More than 40,000 food items are been sold with a poisonous 10% Value Added Tax hike as of today and expect to burden the average Greek household with at least 55 euro per month.Beef, coffee, tea, cocoa, spices, sugar, oils – except olive oil, ice-creams, chocolates, but also condoms and …

Absolute absurd! Greece’s creditors leaked proposals with €11bn measures

June 24, 2015 Economy 36

The five-page creditors’ proposals to Greece have been leaked to the press and it is all over the Greek and international internet. The proposals that bear the signature of the International Monetary Fund demand from austerity in form of VAT hikes, sweeping changes in to pensions system, including raising of …

Greece’s proposals: new horizontal cuts to low-pensions?

June 22, 2015 Economy, Society 22

The Greek additional proposal to the creditors has been leaked to the press. Athens offers earth and water – in creditors’ language “taxes and revenues” worth €7.899 billion for 2015-2016 that is in the next 18 months. Specifically, the Greek government aims to collect €2.697 billion until the end of …

Varoufaki’s “undercover agents” vs tax evasion: tourists, students, housewives

March 6, 2015 Economy 39

From Euro-Shrek to Super Taxman: Greek Finance Minister Yanis Varoufakis will hire part timers as undercover agents to grab out tax evaders. Tourists, students and housewives – desperate or not – will work armed with wire devices (camera, etc) to catch shopkeepers and service providers who offer their goods, pocket …

Greece bows to Troika’s demands: Hikes in Value Added Tax to hit tourism

December 1, 2014 Economy Comments Off on Greece bows to Troika’s demands: Hikes in Value Added Tax to hit tourism

Greece’s resistance to Troika’s demand did not last long. Just a couple of days after the negotiations failure in Paris, the country’s lenders e-mailed the Greeks that they should definitely need to impose additional austerity measures and fill the hole of estimated 2.5 billion euro in the budget of 2015. …

Outstanding VAT debts: German “Hochtief” owes €600m to Greek FinMin

October 1, 2014 Economy Comments Off on Outstanding VAT debts: German “Hochtief” owes €600m to Greek FinMin

An Athens court confirmed Greek government’s tax claims from the giant German constructor Hochtief. According to the court, the Greek government has every right to claim approximately €600million from the company that runs Athens airport “Eleftherios Venizelos”. The company has not paid any Value Added Tax since 2001, that is …

EU wants hikes in V.A.T & other taxes in Greece, Portugal, Spain, Italy…

October 9, 2013 Economy 4

The gap between theory and practice… That’s the main problem of institutional technocrats seeking solutions to countries where real people live in. They just don’t get it. that their theoretical approach is good on academic level but a failure in real life. A fact that is being confirmed again and …

Greek PM to farmers: VAT reduction in agricultural supplies within …the 4 years of his governance

February 26, 2013 Economy, Politics Comments Off on Greek PM to farmers: VAT reduction in agricultural supplies within …the 4 years of his governance

It touches the edge of pathetic when a prime minister of a country wants to please certain professional or society groups but his hands are tight by external forces, while other interests groups are just lurking to jump in and demand similar privileges. Speaking at the Greek Parliament on Tuesday, prime …

Greek FinMin – Tax raising campaing “for the pocket of the other”

January 15, 2013 Economy 8

Greek Finance Minister Yiannis Stournaras admitted in an interview that also he was not exemption to the old Greek tradition: to buy services and goods without asking and/or receiving a receipt. A practice that helped vendors and other professionals to steal from the state the Value Added Tax and declare much lower income …

Page 1 of 212 »