Tax reform

The cuts in the Value-Added Tax (VAT) for food are a good decision, according to 90 per cent of the respondents in a CSCI national poll conducted April 20-24, 2015.

Photo credit: (c) infopolitic.ro/sondaje

A card for all transactions over 70 euros, a special “stay” tax between 3% and 5% to hotels rated with 3 stars and over, and a 3% tax increase on luxurious living are some of the measures to be presented by PM Alexis Tsipras to Thursday’s cabinet meeting, which will also be included in the multi-bill that will be tabled within the next few days.

 Gov?t said to have drafted reform list that includes a pension cut and going back on minimum salary pledge

By Prokopis Hatzinikolaou

The government in Athens is planning to implement a single value-added tax rate abolishing all existing exemptions, according to Brussels officials.

A teleconference meeting with the Brussels Group on Monday hopes to restart negotiations on key issues of the Greek economy. Talks are a precursor to Wednesday's meetings in Brussels for negotiations until the start of May, after hopes for a solution for Greece until the end of April were dashed.

The Value Added Tax (VAT) for books will be cut from 9 per cent to 5 per cent, this measure going to come into force on the first day of next year, Culture Minister Ionut Vulpescu announced in a press release on Thursday.

Photo credit: (c) Silviu MATEI / AGERPRES ARCHIVE

A motive of a 3% return on the value of any transaction will be given to all those using Credit or Debit cards instead of cash, according to the latest plan by the Finance Ministry to curb the flow of tax evasion.

The latest "peculiar" scenarios involving the leftist Greek government's "tax safari" reportedly claim a "luxury tax on expensive holidays".
If the unconfirmed reports hold any substance, they would, of course, affect local taxpayers.

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Prime Minister Victor Ponta said Thursday that he also counts on the Competition Council for support, within its legal limits, for a correct implementation of the cuts in the Value Added-Tax (VAT) for food as from June 1.

Photo credit: (c) Sorin LUPSA / AGERPRES PHOTO

The Value-Added Tax (VAT) cut for foods to 9 per cent as from June 1 will not be fully translated into prices, but only 50-60 per cent of it, which should lead to inflation being close to zero at year end, Chairman of the Fiscal Council Ionut Dumitru said Thursday.

Photo credit: (c) Sorin LUPSA / AGERPRES ARCHIVE