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Greece

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,...

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...

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...

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...

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...

Greece Loses Battle Over Lower Taxes for Tsipouro and Tsikoudia

The European Court rejected Greece's appeal on Thursday to set a lower excise tax for tsipouro and tsikoudia, two of the most traditional and popular Greek alcoholic beverages. Europe's top court ruled in favor of the European Commission which claimed...

More Than €2 Billion in Unpaid Taxes in Greece During First Two Months of 2019

According to the latest figures published by Greece's Independent Authority of Public Revenue, the amount of taxes Greek taxpayers did not pay to the state during just the first 59 days of 2019 came to the staggering sum of...

75-Year Old Greek Man Shocked to Discover That He Owes €3 Billion in Taxes

An incredible story surfaced on Friday on Crete's ekriti website, involving a 75-year old man and the debts he purportedly owes to his local tax office. Or perhaps it is not all that incredible, considering the infamous workings of the...

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...

Experts at Delphi Forum Say Greece Needs to Reverse Brain Drain, Lower Taxes

Renowned experts from around the world debated on the subject of the competitiveness of the Greek economy on Saturday at the Delphi Economic Forum. Deborah Wince-Smith, President and CEO of the Global Federation of Competitiveness Councils, Nicholas Logothetis the Co-Founder...

Greek Opposition Leader Promises Lower Taxes, Reforms (video)

Greece's opposition leader Kyriakos Mitsotakis promised sweeping changes to his nation's economy during an exclusive interview with CNBC on Tuesday. Speaking before the upcoming Greek general elections later this year, Mitsotakis, the leader of New Democracy, vowed to restore market credibility during...

Police Arrest Greek Shipowner Alexandros Agoudimos for Unpaid Taxes

Greek shipowner Alexandros Agoudimos was detained on Thursday evening after officers discovered he had been convicted of tax-related crime. The shipowner was apprehended following a random check by the Greek police's DIAS motorcycle unit on Akti Posidonos in Piraeus. Police booked...

Greece Among Few Countries To Raise Taxes Over Last Decade

According to new data published by the Organization for Economic Cooperation and Development (OECD) on Tuesday, Greece was among the nine countries out of all 36 Organization members to raise business taxes during the last decade. The nominal tax rate...

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Good News for Music Fans as Greece Prepares to Lower Taxes on Concert Tickets

According to Greece's Deputy Finance Minister, Katerina Papanatsiou, the country's Finance Ministry will reduce the VAT rate applicable on concerts and music events, where no other services are provided, from 24 percent to 6 percent. The change will be enacted...