Ad valorem tax
Flat VAT rate must amount to 18 pct to avoid losses
Value-added tax on room rental on Aegean islands will quadruple
By Prokopis Hatzinikolaou
Bulgaria's Finance Minister: Differentiated VAT Rates Are Tough to Administer
Bulgaria's Finance Minister Vladislav Goranov has ruled out proposals to introduce differential VAT rates on food products.
Speaking Tuesday at a discussion on Bulgaria's economy, he said that differentiated VAT rates were hard to administer.
He claimed that the unified VAT rate was the fairest and most neutral option as regards risks of skewing consumption trends.
Carrots for cashless transactions
By Evgenia Tzortzi
Lotteries with rewards for receipts collection by taxpayers, which could even include cash prizes, as well as free drinks and tickets to events and museums for tourists visiting Greece are among the incentives proposed by the General Secretariat for Public Revenues to combat tax evasion by promoting the use of electronic transactions.
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Gov't mulls introduction of uniform VAT rate next year
By Sotiris Nikas
Finance Minister Gikas Hardouvelis is examining the prospect of introducing a uniform value-added tax rate, while the reintroduction of certain tax breaks is also being considered.