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Tag Archives: VAT

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 …

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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 …

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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 …

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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 …

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

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 …

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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.  …

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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 …

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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 …

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