VAT

Greece is seeking a comprehensive deal within the next ten days, government spokesman Gavriil Sakellaridis said in statements to Greek TV on Friday. Sakellaridis noted that the agreement will cover all issues, including labor and social security ones. Asked whether Greece will retreat...

The use of plastic money has very favorable growth prospects in Greece, while helping in the battle against tax evasion, as the use of credit/debit cards significantly lags behind the Eurozone and EU average rates. An Athens-Macedonian News Agency report, based...

Greek Finance Minister Yanis Varoufakis promised to Alternate Minister for Tourism Elena Kountoura that VAT rates will not change in the current tourist season, said a Tourism Ministry announcement on Thursday. "Any change occurs in the tourist package in the...

Greece's creditors rejected Finance Minister Yanis Varoufakis' VAT proposals. Meanwhile, Varoufakis spoke of a "domestic Troika" who keeps arguing against his proposals. Varoufakis had proposed a 15% VAT for payments made by debit or credit card and 18% for cash payments. At the...

A marathon meeting of ruling SYRIZA MPs, chaired by Greek Prime Minister Alexis Tsipras, ended late on Tuesday after talks lasting more than five hours. The meeting's primary focus was on the progress of the negotiations between the Greek government and the...

The Greek government plans radical changes in the VAT system with the introduction of a single VAT rate of 15% for transactions using credit or debit cards and 18% for cash transactions, along with maintaining a low VAT...

"I believe that SYRIZA will not come to an agreement that will cancel basic aspects of the program," Greek Alternate Minister for Social Security Dimitris Stratoulis said in statements to Greek radio on Wednesday. "Manoeuvres are always done, certain retreats are always made, this...

Greek Alternate Social Insurance Minister Dimitris Stratoulis on Wednesday in statements to MEGA TV lashed out at Greece 's creditors on their demand not to implement the 100-installment settlement. "Do we have to surrender because we have run out...

Greek Prime Minister Alexis Tsipras said on Thursday, in a statement to Reuters, he is confident that Greece and its European partners will be able to work through their differences and reach to an agreement by the end of the month. He...

International Monetary Fund Managing Director Christine Lagarde suggested to Greek Finance Minister Yanis Varoufakis to raise VAT and cut pensions, according to DPA news agency. Varoufakis and Lagarde talked for 2.5 hours on Sunday in Washington, DC and the Greek finance...