VAT

The Greek government will not raise the VAT in tourism and staple goods, according to a document co-signed by Finance Minister Yanis Varoufakis and Alternate Finance Minister Nadia Valavani, and was submitted to Parliament on Friday as an answer...

The list of proposed reforms the Greek government submitted to the Euro Working Group in order to close the fifth review is lacking in legislative actions or technical methods that would help achieve the objectives stated, a real.gr report...

SYRIZA-led government spokesman Gavriil Sakellaridis expressed his optimism earlier today that the negotiations between Greece and its creditors "will have a positive outcome." In an interview to Greek television, Sakellaridis underlined that a Eurogroup meeting "should take place soon," and that...

German Chancellor Angela Merkel asked Greek Prime Minister Alexis Tsipras to reduce pensions, said Deputy Finance Minister Dimitris Mardas. Speaking on Greek television on Monday, the Deputy Minister referred to the recent meeting of the two countries' leaders in Berlin and the...

A new electronic system will track bank deposits as far back as the last 15 years and help fight tax evasion by wealthy Greeks, Deputy Finance Minister Nadia Valavani told Sunday's "Avgi" newspaper. Valavani also said that cash registers will...

The Greek Finance Ministry is having trouble accumulating the necessary state revenues after the major 1-billion-euro shortfall that was recorded in January 2015. Furthermore, a top government official noted that the expected fiscal gap for the period 2015-2016 will...

The doubling of value added tax on hotel accommodation from 6.5% to 13% will hurt Greek tourism, according to a study on behalf of the Association of Greek Tourism Enterprises (SETE). According to the Ernst & Young audit firm study, the VAT...

Her optimism regarding the counterbalance of possible new taxation in the tourism industry expressed yesterday, during the budget debate in the Greek Parliament, Tourism Minister Olga Kefalogianni, declaring at the same time that the Ministry is in constant communication with...

The strong reaction of Greek tourism industry professionals caused the scenarios that leaked lately regarding a possible rise in the VAT rate for hotels, from the current 6.5% to 13%. Association of Greek Tourism Enterprises (SETE) chief Andreas Andreadis characterized such...

The Greek government sent an email to the Troika on Saturday evening, containing all the measures that Greece is willing to commit to, if the Troika returns to Athens. The next few hours are considered extremely critical, as the lenders...