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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...

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...

Greeks Paying €1.02 Tax for Every Liter of Gasoline they Buy

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...

Excise Tax on Wine Backfiring, Shifting 65% of Sales to Black Market

In efforts to raise revenues for the state, in January 2016 the government introduced an excise tax on wine. However, figures show that instead...

Higher Excise Taxes on Alcohol and Tobacco Result in Loss of State Revenue

Higher excise taxes on alcohol and tobacco are forcing consumers to turn to contraband products and subsequently lead to reduced state revenues, industry experts...

Not a Single Luxury Car was Sold in Greece in 2015

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...

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