Greece
Europe
Greece Ranked Among Highest Beer Taxing Countries in EU
New data shows that Greece's tax on beer is among the top five in Europe. Each European country is required to have a Special Consumption Tax on beer, the minimum of which is 1.87 euro per 100 liters. Greece...
Economy
Hundreds of Foreigners Enticed by Greece’s Tax Incentives
Hundreds of foreign citizens have already taken advantage of the tax incentives introduced by Greece and relocated their tax residence.
Business
Greece to Lower Taxes and Social Security Contributions for Some
Greek Prime Minister Kyriakos Mitsotakis announced on April 22 five measures to lower taxes and social security contributions for the country, effectively a reversal of tax hikes imposed by the previous government.
They are aimed at individual entrepreneurs, legal entities, businesses,...
Business
Greece Courts Foreign Taxpayers with 50% Income Tax Discount
In an attempt to convince foreign taxpayers and Greeks living abroad to move their tax bases to Greece, lawmakers have presented a new bill to Parliament on Tuesday that would offer foreign taxpayers a 50% discount on their income...
Business
Greece Hopes to Entice "Digital Migrants" with 50% Tax Break
With an eye toward encouraging smart young Greeks who left the country for greener pastures during the economic crisis to return home, the Greek government has a new plan that would make the prospect hard to resist. But the...
Crime
45-Year-Old Man Attacks Greek Tax Office Employees with Axe
In a shocking series of events, police arrested a man who barged into a tax office in Kozani, Thessaloniki on Thursday and began to viciously attack employees there with an axe.
The attack occurred on Thursday during normal business hours...
Business
Greece to Cut Taxes and Offer Incentives for Large Investments
The Greek government plans to offer tax relief to households, to cut business taxes and offer incentives to lure wealthy individuals to change their tax residence to the country as part of a new bill which opened for public...
Economy
Greeks Pay Same Amount of Taxes and Other Levies As Germans, Study Finds
According to a recent study published by Eurostat, Greeks and Germans pay exactly the same amount of taxes and levies to their national state coffers as a percentage of their nations' Gross Domestic Product.
More specifically, 41.5% of Greek and...
Economy
Greece Still Among Eurozone States With Very High Taxes on Consumption
According to a recent study conducted by the ''Tax Foundation'' think tank, Greece is still among those Eurozone member states that impose the highest taxes on consumption.
Taxes on consumption are traditionally the highest in Europe, but after ten years...
Economy
Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts
The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday.
There was a primary surplus of 2.523 billion euros...
Economy
Athens Adopts Italian Model of Attracting Super-Rich to Tax Registry
The Greek government has decided to copy, and attempt to implement, Italy's model of encouraging ultra-wealthy individuals and large companies to move their tax residency to Greece, according to media reports on Monday.
The final formula for the new tax...
Business
Greek Economy Fails to Compete Due to Overtaxation
Greece is not tax competitive compared to other countries because over-taxation drives investors away, according to information gleaned from the latest International Tax Competitiveness Index (ITCI).
Specifically, Greece ranks 30th among the thirty-six countries of the Organization for Economic Co-operation and...
Economy
Mitsotakis Announces Tax Cuts for 2020 and Absentee Ballot for Expats From Thessaloniki
Greece's Prime Minister Kyriakos Mitsotakis announced on Saturday evening that Greek expatriates will obtain the right to vote in Greece's elections using absentee ballots, during the official inauguration of the 84th Thessaloniki International Fair (TIF).
PM Mitsotakis presented what he...
Business
''Apodixi Please'': Greece's Campaign to Inform Tourists About Tax Evasion
The Greek authorities launched recently the campaign dubbed ''Apodixi, Please'', meaning ''Receipt, Please'', in order to inform tourists on how to ask for a receipt from business owners, in order to reduce tax evasion in the country.
As the website...
Economy
Excise Tax and High VAT Make Beer Expensive in Greece
Beer in Greece is among the most expensive products in the European Union because of high excise tax and a 24 percent value-added tax.
According to the current European Commission Directive, each Member State is required to impose a minimum...