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Greek VAT Scheme Seeking 2.4bn Euros May Take Toll on Tourism

The Greek government aims through last week’s decision to implement tax hikes across the board to bring a total of 2.4 billion euros to state coffers in the next 18 months.

Third Greece Debt Deal Winds Up

Greece and the International Monetary Fund (IMF) have decided to cancel the current memorandum in order to avoid the payment of administrative charges associated with the program.

New Greece Incentives Law Aims to Draw in Investment

Deductions and Exemptions, leasing and interest subsidies, and a 12-year fixed tax framework are part of a new incentives law tabled recently and set for vote by the end of the month, Economy, Development and Tourism Minister George Stathakis and Secretary General for Strategic...

Audit Forces Pose as Mystery Guests at Greek Hotels to Nose Out Tax Evaders

Dozens of hotels across Greece will be “accommodating” a new team of so-called mystery guests on a mission to expose businesses that are tax evading.

Greece Taxmen to Snoop through Social Media for Clues of Fraud

Greece’s tax inspectors my soon be probing social media accounts in efforts to track down tax evaders and untrustworthy tax payers.

ICAP: Greek Tourism Sector Going Strong

Greece’s tourism sector is continuing to grow despite the ongoing economic crisis, according data released by Athens-based market research firm ICAP this week.

Which Greek Islands will be Exempt from VAT Hike?

A number of Greek islands are to be exempt from a planned value-added tax (VAT) increase as of January 1, 2017.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Product Price Hikes Across 32 Greek Isles as of Jan. 1

Products and services on 32 islands in the Dodecanese and North Aegean Region will go up as of January 1, 2018, due to new VAT rates.

Greece’s Alpha Bank Sees Trend for Growth in 2017

The Greek economy is on a gradual path to recovery as economic indicators demonstrate an overall trend for growth, according to Alpha Bank.

Moscovici Sees a Stronger Greece Regaining Market Trust

European Commissioner Pierre Moscovici said growth has returned, jobs are being created and investors are again expressing interest in Greece.

Greek Gov’t Seeking Way to Put Island VAT Hike on Hold

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.

Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.

Greece’s Economic Chamber Says Reduced Island Tax Status an EU Provision

The Economic Chamber of Greece is calling on the government to retain the special tax status applicable on Greek islands.

Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.

Greek Tourism Sector to Shoulder Tax Burden in 2018

Greece’s tourism sector is set to bear the brunt of the country’s economic recovery according to the economy ministry’s latest set of measures set to take effect in 2018.

Aegean Island Mayors Appeal to European Parliament Over VAT

The mayors of the North and South Aegean islands have appealed to the European Parliament over the abolition of a special tax status applicable until now.

Tourism Offsets Greece’s Current Account Deficit

Greece’s current account recorded a deficit of 1.5 billion euros in 2017 down by 418 million euros year-on-year, with travel receipts slightly increasing.