taxes

The EU, ECB and IMF representatives are expected to return to Greece around the 15th of January to continue the fourth review of the Greek economy that begun in September. The Ministry of Finances’ main goal will be to settle the 2 billion gap in measures deemed necessary to cover the 2014 fiscal gap, which […]

With only two working days left in the year, last-minute taxpayers will have to be prepared to tackle huge queues at banks and tax offices in order to pay their real estate, income and road tax obligations, among others. Indicatively, the employees at the 4th Tax Office of Athens in Exarchia found about 150 to […]

The Minister of Finances Yannis Stournaras announced on Christmas day that the measure of equating the tax on heating oil and diesel has been “successful”, after meeting the Ministers of the Environment Yannis Maniatis and Health Adonis Georgiadis to discuss the smog problem. Mr. Stournaras chillingly explained that “we recognize the problem, but reducing the […]

The Foundation for Economic and Industrial Research (IOVE) and the British Hellenic Chamber of Commerce have conducted and published a study on the great injustices of the Greek tax system. The study shows that 8% of eight employees with annual wages in excess of 42,000 euros declare 28% of taxable income and pays 70% of […]

The Ministry of Finances’ General Secretary of Public Revenue Haris Theoharis admitted in an interview on Athina 9.84 that a scheduled review of real estate objective values has been postponed for 2014, because any earlier change in prices would have a negative impact on the taxes collected. Mr. Theoharis was blunt in his interview and […]

Fashion designer Lakis Gavalas was arrested on Wednesday for the sixth time over unpaid debts towards the State and was given until Friday to state his plead in court. The police issued a warrant for Mr. Gavalas’ arrest for debts worth 712,000 euros, of which 15,000 is for unpaid property taxes, 120,000 for non-payment of […]

The government is racing against time in order to make all preparation for the prior actions necessary so that the budget can be voted on the 7th of December. This will greatly improve Mr. Stournaras’ bargaining position for the Eurogroup scheduled for the 9th of December. The troika is expected in Athens on the 2nd […]

The Minister of Finances Yannis Stournaras appeared on Yannis Pretenderis’ late evening chat show on Mega Channel, where he had the opportunity to explain and defend his plans. Mr. Stournaras explained that the difference between troika and Greece on the extent of the structural measures is about 1 billion euros. The Minister described how the […]

It has been 38 days since the troika representatives last came to Athens for talks and today they have arranged to meet with the Ministers of Finances and Labor. Last night the Prime Minister held a meeting with his cabinet ministers to plot the government’s main line of defense for the negotiations to take place […]

In light of the controversies stemming from the proposed real estate tax, Prime Minister Samaras took the initiative to arrange a meeting on Wednesday evening with the 70 MPs of his party, where he hoped they would calmly come to an agreement with the Ministry of Finances. Unfortunately though, the MPs were anything but calm, […]

The Prime Minister Antonis Samaras and Vice President Evangelos Venizelos met yesterday afternoon to discuss the latest developments ahead of the troika visit for negotiations next week and agreed to renew their rendezvous for Thursday to examine solutions for the shipyards and taking advantage of NSRF funds. According to Mr. Venizelos the two leaders talked […]

Even though the Ministry of Finances has not yet submitted its ambitious and controversial tax bill for discussion in Parliament, it has already announced a number of changes, in response to public outcry on the extent of taxation. The Ministry announced that it will not tax storage on agricultural land, such as warehouses for machines, […]

According to the General Secretariat of Information Systems, the tax revenue in September was estimated to be 1.12 billion euros, about 50% more than the 770-million-euro goal mandated by the terms of the bailout deal. This significant difference is attributed to the extensions and tax return delays. Overall however, there is a shortfall in revenue, […]

After many months of deliberation and redrafting, the government finally publicized for discussion the latest draft of its new unified real estate tax which is means to replace a number of current taxes in 2014. It did not take long before market analysts and land owners pointed out injustices. According to the nationwide federation of […]

The Ministry of Finances has been chasing up all sources of taxes in an effort to secure the much-touted primary surplus. To that effect the Ministry’s services are focusing on cases where the statute of limitations is going to lapse at the end of the year. The Deputy Minister of Finances Giorgos Mavraganis explained in […]

The Ministry of Finances is considering implementing a controversial decision in order to curb the perpetual increase of outstanding debts towards the State. Debtors who do not settle their debts towards tax offices and insurance funds will not only be unable to get a tax clearance certificate, but they will also lose their Tax Identification […]

The Ministry of Finances is still debating the finer details of the upcoming unified real estate tax that will replaced a number of current real estate taxes in 2014. The Ministry wants to ensure that the new tax is in line with troika demands, before publicizing it. The latest information suggests that the new tax […]

The government is putting some final touches on its new real estate tax which is scheduled to replace a number of separate real estate taxes in 2014. The Ministry of Finances will present the draft to the troika technocrats next week for approval. The unified tax will replaced the current real estate tax and a […]

The leader of ANEL Panos Kammenos commented that there is «no possibility» of a post-election coalition with any of the parties supporting troika-mandated austerity politics, at a press conference for the International Fair in Thessaloniki. When asked if he had to chose between Samaras and Tsipras, Mr. Kammenos refused to answer, stating that “it is […]

The Ministry of Finances announced earlier in the day that the tax revenue for July exceeded its expectations. According to the data published, the tax revenue services collected 2.94 billion euros, when the goal for the month was 2.91 billion euros. The extra 294 million euros translate in a marginal 1.1% increase. The improvement is […]