Income tax

BELGRADE - The Serbian government adopted on Thursday several bills, including amendments to the law on income tax for citizens, in order the reform the business environment.

According to the government information service, the bills include employment tax reliefs meant to combat the gray economy.

 Amendments exempt students and unemployed from taxation; small firms to pay VAT after collection

By Prokopis Hatzinikolaou

A series of amendments tabled in Parliament on Friday by Finance Minister Yannis Stournaras are intended to correct the injustices of past tax bills affecting the unemployed, students and those who had particularly low incomes during 2013.

By Sotiris Nikas

According to the 2014 budget, the Greek state achieved a 2.06-billion-euro primary surplus in the first couple of months, which is over 1 billion euros higher than the set target of 1.04 billion, despite a 580-million-euro revenues shortfall.