Value Added Tax

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...

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...

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...

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...

Greek individuals and businesses will be obligated to pay 24.7 billion euros in taxes until February 2016, 12.4 billion of which are due immediately after the September 20 elections. Taxpayers will be called to pay billions in accumulated taxes due to poor management of...

Greece becomes more expensive as of July 20, as higher value added tax rates go into effect. The new VAT rates are part of the requirements set by creditors in order for Greece to get a third bailout package and avoid bankruptcy....

The Greek proposal that was tabled on Thursday's meeting of Eurozone finance ministers is published on the website of Kathimerini daily, showing the concessions Athens has made to secure an agreement with lenders. Two texts were presented at Thursday's Eurogroup:...

The European Commission never asked Greece to raise value added tax, in fact it was a Greek proposal, said an EC official close to the negotiations between Athens and lenders' representatives in Brussels. According to a report from Brussels aired...

The Greek government made public the outline of the proposal to international creditors, including some concessions, with the belief that it is a realistic plan that would solve the debt problem and lead to economic growth. The eight points of...

Several of the measures proposed by creditors in order to achieve an agreement belong to the "red lines," thereby they were rejected by Greek Prime Minister Alexis Tsipras in the early morning hours on Thursday in Brussels. "Greece cannot consider further...