The population pays for expensive fuel, because tax evasion, both small and large, in Greece (as well as in many other countries of the world) is common. This, unfortunately, is the simple and bitter truth about paying taxes, says Greek publicist Adonis Karakoussis. Taxes have never been popular. On the contrary, they have always aroused […]
Tag: VAT
A new round of price increases in May: which products will reduce VAT
Georgios Pilidis, president of the Association of Small and Medium Supermarkets, noted that VAT cuts are expected on basic food products. A new round of price increases was announced by Mr. Pilidis, and this applies not only to those products, the supply of which “suffered” due to the situation in Ukraine, but also to others, […]
To Poland for food and gasoline
Since February, Poland has zeroed out VAT on food and reduced it on fuel. While the Greek government is considering how to help the population in the fight against unprecedented inflation, Poland has approached the solution radically and, most importantly, promptly. Since February 1, VAT on fuel has been significantly reduced, and on food products […]
Greece:"VAT will be reduced on products", says one minister – "nothing like this"says another.
Development and Investment Minister Adonis Georgiadis left open the possibility of reducing the value added tax on a number of products to contain price increases. Speaking on Mega TV on Tuesday, Georgiadis said, that the government is considering lowering VAT on certain products, adding that the measure is under consideration to intervene with tax breaks […]
Greece’s budget lost 5.3 billion euros from VAT evasion
Despite efforts to reduce tax evasion and improvements over the past, Greece remains at the top of the European Union in terms of value added tax (VAT) revenue losses, with the public treasury losing billions of euros every year. Greece lost € 5.3 billion in VAT in 2019, ranking second in the EU’s VAT revenue […]
Greece introduces VAT on parcels of goods from non-EU countries from 1 July
Greece will impose a value-added tax on parcels of goods arriving from non-EU countries, the Independent State Revenue Authority said on Tuesday. The measure will be introduced on July 1, 2021. VAT will be imposed on all parcels up to € 22, regardless of the time the order is placed. In addition, the post office […]