Greece

Greek finance ministry sources on Tuesday rejected main opposition party allegations that a prolonged negotiations process with creditors further burdened the country's public debt. "For those alleging that the real economy was hurt by the negotiations, we encourage them to...

The Greek Finance ministry is drafting a new bill soon to be tabled in parliament that would offer tax benefits to people who use credit or debit cards for their payments. Citizens who spend 10-30% of their income in purchases...

There is no issue of changing the 2015 Uniform Real Estate Ownership Tax (ENFIA), Finance Ministry sources said on Thursday regarding the ruling of the Council of State. The Council of State, Greece's supreme administrative court, on Wednesday officially published...

The Greek Finance Ministry announced two amendments to the existing capital control restrictions that have been imposed in Greece since late June 2015. The first change concerns payments to banking institutions overseas, the previous 1,800 euro limit for cash payments made to foreign...

On Monday, the Greek Finance Ministry announced new modifications to the capital controls that have been imposed in Greece since June 28, 2015. While the bulk of the announcement, published on the four month mark of capital controls in Greece, includes directives...

Newly appointed Greek Alternate Finance Minister Tryfon Alexiadis on Wednesday announced planned changes to the 100-installment payment schemes for overdue taxes but reassured listeners that no "tax hurricane" was imminent. "There is no chance that we will create problems and...

The Greek finance ministry will add some new measures regarding capital flow that would loosen up certain restrictions that apply now. In order to give initiatives to Greeks to return to the banks the money they keep hidden, the finance...

Despite announcements about freezing value added tax on private education, Greece's finance ministry decided to impose the 23 percent VAT late on Monday. The 23 percent VAT on private education was legislated on August 14 as part of the measures...

Greece's interim Finance Ministry has decided on Monday to freeze the 23% value added tax on private education, which was legislated on August 14, until next year. According to Greek newspaper "Kathimerini," the European Commission sent a letter to the Education Ministry on Friday saying that...

The Greek Finance Ministry announced on Wednesday that tax auditors who have been physically or verbally attacked, will return to the businesses where the incidents took place. The announcement follows an incident on the island of Mykonos, where two tax...

The Greek Finance Ministry's General Secretariat of Public Revenue released information on Wednesday regarding financial inspection efforts across the country from the past few weeks. Out of 5,031 inspected businesses between August 10 and August 16, 1.027 were found committing financial violations. This amounts to 20.41%...

Greek finance Minister Euclid Tsakalotos announced new adjustments to the capital controls on the Greek economy. Capital controls have restricted transactions and liquidity in Greece since June 28, a day after the July 5 referendum was officially announced. Since then, the...

Greece's Finance Ministry rejected on Sunday a newspaper report alleging Korean adviser Glenn Kim has been paid a 125,000-euro fee from the state for services provided during the country’s negotiations with creditors. "The company for which Mr. Glenn Kim is...

In order to secure a bailout deal with international creditors, Greek Prime Minister Alexis Tsipras had agreed to establish a fund that would monetize 50 billion euros of Greek public assets through privatizations and other means. The fund's headquarters will...

After a month of capital controls in Greece, the country's Finance Ministry has lifted some transaction restrictions. Among the most significant ones is the reinstatement of online transactions with foreign companies. Greek cardholders will now be able to use debit and credit cards for internet...