VAT
Economy
Greece: Between the Troika and a Hard Place
As negotiations between the Troika of international lenders and Greece remain at a standstill, the next day looks bleak. The Greek coalition government may hope that by making new proposals, our creditors will back down, but in reality, they...
Economy
Amendment for Debt Settlement Tabled in Greek Parliament
An amendment on the settlement of arrears towards tax registry offices and social security funds was tabled in Greek Parliament today.
The amendment was attached to an Administrative Reform Ministry bill that has been under discussion at the Parliament since yesterday. The vote on...
Economy
Greek Primary Surplus Rises to 2.5 Billion Euros
The Greek Finance Ministry said on Tuesday that during the first nine months of the year (January–September) the primary budget surplus is 2.532 billion euros, sharply up from the budget target for a surplus of 1.551 billion, but slightly down...
Economy
OECD Recommends Exclusion of Big Companies from VAT
The first implementation phase of the Organization for Economic Cooperation and Development (OECD) recommendations has been completed, the Ministry of Administrative Reform & Electronic Governance announced on Tuesday.
According to the announcement, the most important intervention was the decision to...
Economy
First Income Tax Installment by July 31
The first income tax installment is expected to be emailed to all Greek tax payers until the end of July.
According to the Finance Ministry, tax payers are obligated to print the bill for the taxes they owe through taxisnet.gr...
Economy
Samaras Wants VAT Cut, Solidarity Tax End
Greek Prime Minister Antonis Samaras, still feeling the effect of his New Democracy Conservatives second-place finish in the European Parliament elections, is reportedly planning to scrap a dreaded "solidarity" tax and reduce the Value Added Tax (TAX) as part...
Crime
Greek Fraud Cops Bust Black Market Scam by Recycling Crew
Greece's financial police on Friday said they had arrested the owner of an Aspropyrgos-based recycling company and his daughter on charges of dodging tax among other fraud, at an estimated cost to the Greek state of around two million euros.
The company had undertaken contracts for the...
Economy
Greek Fraud Cops Bust Bogus Invoices and Expenses
The Financial Crime Unit (SDOE) is still finding more and more people who are stealing from the state through their profession by issuing bogus invoices or even not issuing receipts. Doctors, farmers, private sector employees and pensioners continue to...
Economy
Samaras: Government to Table Amendment on Offsetting Debts
The government will soon table in Parliament a legislative amendment regarding the offsetting of VAT debts not only towards the state but also between individuals, Greek Prime Minister Antonis Samaras announced on Monday.
Samaras chaired a meeting at the General...
Economy
EU: Greeks Still Neglect to Ask for Receipts
According to Eurobarometer, 30% of Greeks have admitted that last year they made purchases or paid for services without acquiring any receipts. Furthermore, as the figures show the percentage is the highest in the EU-28. However, what is really...