VAT

One in five alcoholic beverages consumed in Greece is adulterated and contraband, which is twice the world average, the Association of Alcoholic Beverage Companies (ENEAP) said on Wednesday. Adulterated alcoholic beverages are legal alcoholic products that have been illicitly tampered...

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...

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...

In an attempt to boost the Greek real estate market, PM Kyriakos Mitsotakis announced on Wednesday a three-year suspension of VAT payments on any new building permits as well as those to be made on unsold properties built after...

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...

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...

Greece is the most difficult country in the world to set up a business due to bureaucracy, frequent changes in legislation, differences in VAT depending on the region and unpredictable treatment of businesses by state and local authorities. Greece comes...

Greek Prime Minister Alexis Tsipras on Tuesday unveiled several “relief measures,” including reinstating a benefit for pensioners who had their income slashed in 2012 and lowering value added tax (VAT) in some categories. Less than twenty days before the crucial...

People who live on the five Greek islands which have been the most heavily burdened in dealing with the influx of migration for the past three years will keep their special, reduced VAT rate. The Greek government published a legislative...

Five Greek islands that have dealt with the brunt of migration inflows will keep their reduced VAT rate, Migration Policy Minister Dimitris Vitsas said on Friday, after the parliament plenary passed the ministry's bill containing that provision. Vitsas said that...