Greece

This year the owners of vehicles will be hit twice due to the implementation of the luxury tax, which be will imposed for vehicles with 1,929cc engines or larger and up to 10 years old. More than 500,000 owners have...

With the rich and politicians largely escaping sacrifice during Greece's crushing economic crisis - some are even prospering as never before - the government said it will slap a luxury tax on the wealthy, those who who big, fancy...

In a bid for citizens not to avoid tax, Greece is preparing to give away the luxury cars authorities have repossessed in the economic crisis in a prize draw, tickets for which will be ... shopping receipts. Greek newspapers have reported that...

The historic building in the heart of Athens which housed the headquarters of New Democracy for many years will now be turned into a luxury hotel. The iconic building, located at Rigillis Street number 18, only a block away from...

Professionals from businesses in Greece which work with foreign yacht-leasing companies, as well as owners of ultraluxury yachts, claim that Greek bureaucratic madness is forcing them to avoid the Greek seas every year. According to a report in Greece's Kathimerini daily on...

The Greek government on Tuesday gave the green light to three tourism investment projects totaling 240.5 million euros ($272.85 million) on several Greek islands. The grand plans include the construction of hotels on Mykonos, a tourist resort on the island...

As the price of gasoline reaches an average €1.68 ($1.99) per liter in Athens and almost €2 on some islands, crisis-stricken Greeks are leaving their cars at home and using public transportation. Eurostat -- the EU's statistics agency -- says...

Tax authorities suspended the licenses of businesses across Greece after audits showed blatant cases of tax evasion, reported the Athens News Agency. On Mykonos, authorities confiscated the license and plates of a vehicle of a business that was offering luxury...

Stavros Katsikadis, president of the Greek Marinas Association (GMA) has been very outspoken about a new mooring tax that will potentially drive foreign-owned vessels to dock their yachts at other country's marinas. The new mooring tax the government is debating...

Tax Office Statements will meet most Greeks as they return from their summer vacations. On Monday, the first single property ENFIA taxes will be posted online so that the government can yield up to 3.2 billion euros from which...

France's most wanted fraudster, Alli Shoobhi Kassem, was arrested by Greek authorities in Voula, an up-market suburb on the Athens coast. The French authorities had issued a European warrant for his arrest for illegal activities that include money laundering. The...

The prices of luxury holiday villas on popular Greek islands can be six times higher than on other property on the same islands, a new study done by property valuation firm Geotaxis reveals. The prices are thought to be driven...

Not a single car over 300,000 euros was sold in crisis-stricken Greece in 2015 says a News Auto report. A few years ago, there were several cars costing 400,000 euros or more sold by car dealerships in Greece. Luxury car...

The Greek government expects to collect 1.1 billion in road taxes by the end of 2015, according to a finance ministry official. The bailout agreement stipulates that Athens must collect 72 million euros via vehicle inspection centers and about 150...

The major changes and increases on the Greek tax system, as they were stated in the country’s third bailout agreement will begin in October, causing a tax storm for Greek citizens. Specifically, the deadline for the second installment payment of...