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Greece

Relief Bill for Millions With Tax Arrears Now Before Greek Parliament

The Greek parliament is expected this week to vote on a bill sponsored by the SYRIZA-led government which would provide relief to millions of Greeks who are in arrears over tax and pension contributions. The proposed legislation, which was unveiled...

Taxpayers' Arrears to the State Totaled 99.970 Billion Euros on Jan 1, 2018

Taxpayers' arrears to the state totaled 99.970 billion euros, while the number of debtors was 4,068,857 on January 1, 2018, George Pitsilis, governor of the Independent Authority for Public Revenue (AADE), said on Friday. Speaking to reporters during a media...

Greek Government Arrears Piling Up

An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from 5,067 billion in May. According to State General Accounting Office figures, 3,579 billion account for overdue...

State Arrears to Private Sector Down in April

State arrears to the private sector eased to 3.908 billion euros in April, from 3.956 billion in March, the Finance ministry said on Tuesday, with pending tax returns falling to 1.051 billion euros in the month from 1.120 billion...

1.6 Billion Euros in New Tax Arrears Created in January

  According to figures released on Thursday by the Independent Authority for Public Revenue, taxpayer's expired debts are quickly rising. Greeks created new tax arrears of 1.63 billion euros in January 2017, one of the biggest upsurges in debt creation recorded...

State Arrears to Private Sector Up in January

Greek State arrears to the private sector grew by 292 million euros in January to 3.602 billion euros, from 3.310 billion in December 2016, official figures showed on Wednesday. Pending tax returns eased slightly to 1.206 billion euros in January,...

Taxpayers' Arrears to the State up 1.278 Bln Euros in Dec

Taxpayers’ arrears to the state grew by 1.278 billion euros in December to total 13.906 billion euros in 2016, official figures showed on Monday. Taxpayers’ arrears (new and old ones) to the state amounted to 95.2 billion euros in...

Creditors Disagree With Greece's Proposal on Freelancers in Arrears

Greece's creditors were reluctant to agree with a labor ministry proposal to freeze repayments of professionals and freelancers in arrears, putting a hurdle in the second bailout program review. In the ongoing negotiations with creditors over the prerequisites of the...

Greek Government Arrears Repayment of 1.1 Billion Euros in July

According to figures released by the Bank of Greece (BoG) and the General Accounting Office on Thursday, the Greek government has deposited 1.1 billion euros back into the Greek market. The payment in arrears went, for the most part, to...

Greek Deputy Health Minister: Arrears Settlement to Bring 1.5 Bln Euros in Revenue

The settlement of arrears to the Greek State in 100 installments will bring 1.5 billion euros to state coffers this year, Greek Deputy Health Minister Dimitris Stratoulis said in an interview to the Athens-Macedonian News Agency on Friday. "It is the most improved settlement...

Reichenbach: Greece Must Pay Suppliers΄ Arrears

Greece must prioritise paying out the arrears it has racked up with suppliers to get funds flowing again to cash-strapped businesses, the head of the EU task force that is helping rebuild the country΄s economy said on Tuesday, according...

Evicted 90-Year-Old Greek Woman Forced to Sleep on the Streets

A 90-year-old woman unable to pay her rent who was evicted from her home in Athens, was forced to sleep on the streets for two nights. The woman, who had been living with her grandson, was in arrears in her...

2019 Greek Primary Surplus Exceeds Target By Several Billion Euros

The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...

Property Taxes to Be Reduced For Greek Businesses and Individuals

The government's new tax legislation, which was brought before Parliament last week, envisages more favorable provisions for taxpayers, both private and corporate, to settle their debts with tax agencies. Under the proposed legislation, which will be debated and voted on...

Tens of Thousands of Greeks Sign Up for Debt Repayment Plan

Over 45,000 Greek taxpayers who owe debts to the state have signed up electronically for the government's new 120-installment plan to settle their arrears, officials said on Thursday. According to the Independent Public Revenue Authority (AADE), the signups occurred within...