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Tsipras Announces Extra Benefit for Low-Income Pensioners, Suspension of VAT Rise for NA Islands

Greek Prime Minister Alexis Tsipras announced on Thursday an extra benefit for low income pensioners and the suspension of an increase of the VAT...

Greek Government Submits 2017 Budget, Including Many New Taxes

The 2017 state budget was tabled in Greek Parliament on Monday, projecting a 1.8% primary surplus and 2.6 billion euros in new taxes. According to...

Tax Evasion in Greece Reaches €16 Bln Annually

Tax evasion in Greece is estimated to be around 16 billion euros each year, according to a study by EY (formerly Ernst & Young)...

VAT Gap: Greece Lost 5 Bln Euros in Uncollected VAT Revenue

    Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted to an unacceptable...

Greek State Revenues €500 Mln Less than Expected in July

State revenues from taxes in July were 500 million euros less that the ministry of finance had anticipated, thereby threatening fiscal targets. While taxpayers paid...

Tax Checks on Hotels by Inspectors Disguised as Vacationers

The General Secretariat of Public Revenue is carrying spot checks at 1,545 hotels being investigated for their bookings and cost of night stays. The...

State Debts to Private Sector in Greece Delay up to 4 Years

While the Greek state is pressing on debtors to repay their dues, state debts to the private sector take up to four years to...

Many Goods and Services in Greece Go Up June 1st After Tax Hikes

Greek consumers will see the prices of many goods and services go up as of tomorrow, June 1st, when new excise taxes and VAT...

PwC Report: Greece’s High Tax Rates Not Reflected in Revenues

Greece's tax system has very high taxation rates that fail to bring in proportionately high revenues, even though the "tax behavior" of its citizens...

Defense Minister Calls Island VAT Hike he Voted on ‘Criminal’ and ‘Unconstitutional’

Greek right-wing Independent Greeks (ANEL) leader/Defense Minister Panos Kammenos -- a junior coalition member of the Radical Left Coalition (SYRIZA) government --  fueled controversy...

Greece to Impose €1.5 Bln Taxes to Unlock Loan Tranche

The Greek government has to impose 1.5 billion euros in taxes in order to unlock the next loan tranche and the multi-bill was tabled...

Government and Institutions’ Representatives Agree on Package of Indirect Taxation

The government and the institutions representatives on Wednesday reached an agreement on the 1.8 billion euro package of indirect taxation, according to a government...

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