Value-added tax

Greece to offer tax incentives in bid to lure rich foreigners

Greece will offer tax incentives to lure wealthy individuals to move their tax residence to the country as part of draft legislation on tax relief set to be announced on Thursday, a senior government official said.

Greece's conservative government is keen on attracting investments to boost the recovering economy's growth prospects.

Tax revenues beat September target

September's tax revenues came in 125 million euros over the budget target, according to data published on Friday by the Finance Ministry.

Tax revenues reached a total of 36.238 billion euros over the first nine months of the year, against a projected 35.691 billion, beating the target by 547 million.

PM Mitsotakis announces measures to bolster middle class

Seeking to kickstart Greece's sluggish real estate market, boost investments and bolster the construction sector, Prime Minister Kyriakos Mitsotakis announced on Wednesday night the suspension for three years of value-added tax payments on the sale of properties whose construction licenses have been issued since 2006.

BGN 86 Thousand Allocated for Archaeological Survey along the Europe Highway

The Road Infrastructure Agency has opened a tender process for selecting a contractor to carry out a rescue archaeological survey of a newly discovered archaeological site located at the 18th km along the Kalotina-Sofia ring road, the road agency said.

The deadline for submission is November 21, and the value of the public procurement is BGN 86 000 (VAT excluded).

A misguided measure

The need for revenue "here and now" has never been a safe guide in politics. Plans being mulled by conservative officials to carry out yet another round of what is known in Greece as "peraiosi" (meaning the closure of pending tax cases by means of paying a fee to the tax authorities) appear to be motivated by similar concerns.

71 percent of entrepreneurs do not support reintroduction of criminal liability for non-payment of taxes

Nearly three-quarters of Romanian entrepreneurs argue that they are against reintroducing criminal liability for the non-payment of taxes and contributions, according to a survey conducted by The National Council for Small and Medium-sized Private Enterprises in Romania (CNIPMMR), released on Tuesday.