Calamos Supports Greece

private education

Greeks Shell Out More Than €3B a Year on Tutoring

Greek families are paying a whopping €3 billion ($3.5 billion) a year on private education, according to a report published this week. The GSEE labor union's Center of Educational Policy Development claimed that despite the availability of free public education,...

Wine Prices Go Up in Greece After New Excise Duty

Greek citizens will be asked to pay more to enjoy wine after the new excise duty added on wine. The measure is taken to counterbalance the scrapping of the 23 percent VAT rate on private education that was initially...

Greek Govt Rushes to Find New Taxes to Fulfill Bailout Requirements

The SYRIZA-ANEL coalition government is rushing to find new taxes to present at Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. The new taxes that will be proposed are to replace the 23 percent value...

Greek Government in Total Confusion Over VAT on Private Education

The Greek government continues to kick the can down the road on the value added tax on private education by repeatedly postponing the date the measure will apply. The new postponement is for November 1. Until the next postponement...

Greek Government Announces Taxation for Private Education

The Greek government announced a new proposed legislation that would impose VAT taxation on private education institutions. The Governmental Council on Economic Policy and the Governmental Council for Social Policy met on Tuesday to discuss a number of priorities for the government,...

Tsipras Promises to Scrap Private Education VAT, Controversy Over Ownership of Measure

Alexis Tsipras announced that he will scrap the 23 percent value added tax on private education if re-elected and called on the interim government to suspend the measure. Tsipras called on the interim government to freeze the measure that has...

Greek Finance Ministry Finally Imposes 23% VAT on Private Schools

Despite announcements about freezing value added tax on private education, Greece's finance ministry decided to impose the 23 percent VAT late on Monday. The 23 percent VAT on private education was legislated on August 14 as part of the measures...

First Private School to Close in Greece After Imposition of 23% Value Added Tax

The first private school that fell victim to the 23 percent value added tax (VAT) implementation on private education is the Michalopouleion private school established in 1931. The Michalopouleion private school in the Kallipolis neighborhood of Piraeus has endured the...

Greek Finance Ministry Freezes VAT on Private Schools

Greece's interim Finance Ministry has decided on Monday to freeze the 23% value added tax on private education, which was legislated on August 14, until next year. According to Greek newspaper "Kathimerini," the European Commission sent a letter to the Education Ministry on Friday saying that...