Tax reform

BGN 66,166 will cost the Sofia budget the recruitment of "researchers" for "preparatory research on a group of people in connection with the elaboration of a vision for the development of Sofia and the suburban territories". A further 41,000 will be spent on making a site and advertising.

Greece remains among the least attractive destinations for foreign property buyers looking to make an investment. A list drafted by the Global Property Guide - an international provider of information for property investors - has placed this country 32nd among 36 states, as its prospects for an investor are seen as quite unattractive.

The Independent Authority for Public Revenue is adopting faster procedures for the return of value-added tax within the legal period of 90 days, following a decision signed by the authority's chief, Giorgos Pitsilis.

The Indian government on July 1 launched its biggest fiscal reform ever, promising a stronger economy and less corruption, but many businesses said they were confounded by the new single nationwide tax.

Prime Minister Narendra Modi held a special midnight session of parliament to launch the new goods and services tax (GST) which he called "good and simple."

White goods sales surged 33 percent across Turkey in the first five months of the year due to significant tax cuts in the sector.

According to data from the Turkish White Goods Industrialists Association (TÜRKBESD), Turkey's white goods exports also saw a 4 percent increase in the January-May period, increasing to 7.69 million units, Reuters reported on June 20. 

The Independent Authority for Public Revenue's inspection squads identified violations in 70 percent of the checks they performed at popular tourism destinations over the long weekend a week ago.

They included tills rigged to erase each day's turnover, and even a store without a till at all.

The recent hikes in indirect taxes have not fetched the desired results, leading instead to a 247-million-euro shortfall in state revenues, according to figures issued on Wednesday by the State General Accounting Office.

Greece's conservative opposition has proposed that the left-led government spends part of the 2016 primary budget surplus on social policies and tax cuts.

The law has been in place since late 2016, the online platform is ready to receive the data, but what is missing is the political will to make the decision that will result in the linkup of the tills at enterprises with the Finance Ministry's Taxisnet.

Greece's conservative opposition has called upon the leftist-led government to spend part of the country's 2016 primary budget surplus on social policies and tax cuts.