Value-added tax

Half a Billion Euros in Damage to Greece From the Bankruptcy of Thomas Cook

About half a billion euros have been lost to Greek tourism by the bankruptcy of British tourism company Thomas Cook, Kathimerini reports, citing an interview with Greek Tourism Minister.

He announced new measures by the government to soften the effects on the industry, according to BGNES.

There Will be no Change in the Price of Electricity and Steam Until the New Year

The approved price for the fourth quarter is BGN 44.85 per MWh.

The new heating season will start without changes in the prices of steam, hot water and electricity. They remain unchanged, despite a 0.11% decrease in the price of natural gas for the fourth quarter of 2019, the Energy and Water Regulatory Commission (EWRC) reported.

The Bankruptcy of Thomas Cook May Cost the Greek Tourism Half a Billion Euros

The Greek tourism lost аbout half a billion euros from the bankruptcy of the British tourism company Thomas Cook, Kathimerini reports, citing an interview with Greek Tourism Minister Haris Theoharis at ANA-MPA.

He announced new measures by the government to mitigate the effects on the industry.

Plans afoot to boost e-payments

In a bid to crack down on tax evasion to the tune of 7 billion euros a year in value-added tax alone, the government is mulling plans to encourage taxpayers to increase online and card transactions so as to increase their tax free threshold.

According to reports, the relevant legislation will be included in a tax bill that will be submitted to Parliament in mid-October.

Problems with homes’ VAT exemption

Complications are emerging in the introduction of the measure suspending the 24 percent value-added tax on transactions involving properties built with a permit issued after January 1, 2006. Sources say a number of technical matters have surfaced that render this favorable regulation rather difficult when it comes to unsold housing stock.

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