taxes
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...
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
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
€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide
According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017.
The extent of the practice of tax evasion across...
Economy
Greece Has Third-Highest Property Taxation Rate in EU, After the UK and France
According to data released recently by the OECD and Eurostat, Greece ranks third in the European Union in terms of the taxation it imposes on its citizens' properties.
The only nations taxing their citizens more than Greece are Great Britain...
Economy
EU Commission Concerned Over Greek Government's Handouts
The European Commission published its ''2019 Spring Package'' on Wednesday, in which it comments on the economic situation of every member state and proposes reforms to coordinate fiscal policy across the Union.
For Greece, the Commission focuses on two main...
Economy
Greeks Paid More Than €8.3 Billion in Taxes in 2018
Greece’s Independent Authority for Public Revenue published figures on Thursday regarding the amount of taxes Greek citizens paid in 2018.
According to the data, a total of 8,907,722 Greek taxpayers paid €8.328 billion in taxes in 2018 on combined declared incomes...
Economy
Greece's Public Debt on the Rise
Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday.
The Greek statistical authority noted that...
Economy
Greece is Current World Champion in Tax Increases
Greece became the world champion of tax hikes in the decade between 2007-2017, with taxes going up a total of 8.2 percent. In the same period, tax revenue increased from 32 percent to 39.4 percent of GDP, according to...