Financial transaction tax

Taxpayers, such as property buyers, who insist on breaking the law by conducting cash payments in excess of 500 euros each are facing fines, which can reach up to twice the value of the transaction, as the provisions of the new tax law have come into force.

The Finance Minister did not rule out the possibility, in the future, of the responsibility for the collection of ENFIA to be transferred to the local government

The financial transaction tax on share dealing that 10 European countries hope to introduce from 2021 could be extended to cover trading in riskier assets, German Finance Minister Olaf Scholz said.

Just days before it was set to expire at the end of 2017, the suspension period of the application of the provisions regarding the capital gains tax during the transfer of ownership rights of real estate was extended to end-2018.

An agreement on a common financial transactions tax (FTT) is "within reach" among the 10 eurozone countries willing to adopt it, the European Union's economics commissioner said on Thursday.

Greece must have the management of its privatization fund in place by the end of this year, German Finance Minister Wolfgang Schaeuble said on Tuesday after eurozone ministers gave Athens a positive review of its reforms while withholding part of a new loan payment.

A group of 10 European Union countries, including Greece, that support a common financial transactions tax (FTT) will meet on Monday in Luxembourg to discuss the issue but no breakthrough is expected yet, two EU officials said on Friday.

Turkey wants uniform tax measures for companies across the financial sector, and the government will announce tax changes within one or two weeks, Finance Minister Naci A?bal said on April 13.

Speaking to the French News Agency, Sunday, American Nobel laureate Joseph Stiglitz blasted Germany for undermining the European vision by showing a lack of solidarity towards Greece. “You cannot run a Eurozone without a basic modicum of solidarity”, said the Columbia University Professor. He continued by pointing out that asking even more from Greece is ‘unconscionable’.

The Bank of Greece announced on Monday that it would only carry out transactions related to the Greek state, legal entities of public law and social security funds from Monday, June 29, until July 7. The announcement issued stated no other transactions would be carried out.