connect with us

Taxman Knockin’ on Greek Hoteliers’ Door

Hoteliers across Greece as well as property owners active in short-term rentals are being crosschecked by the Greek tax authorities in efforts to clamp down on rampant tax evasion.

SEV Report Says Tax Evasion Behind Tourism Figure Variations

The recent discrepancies in foreign travel receipts between the Bank of Greece and the Tourism Ministry are in great part due to tax evasion and reflect the impact of tax policies, according to the Hellenic Federation of Enterprises (SEV).

Weak Spending, Last Minute Bookings Take Toll on Greek Tourism

Last-minute reservations and decreased spending combined with an onslaught of taxes are cited by the Greek Tourism Confederation (SETE) as the reason behind declining revenues from tourism this year.

Draft Law Aiming to Tax Airbnb-style Rentals in Greece

A bill to be voted on in Greek parliament is set to impose a 15-45 percent tax on annual income, earned from the short-term lease of property for tourism purposes.

Greece Hotels Under Public Revenue Authority Scrutiny

Greece's independent Authority for Public Revenue said it would begin inspections of hotel businesses across the country in efforts to curb tax evasion.

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.

Five-star Tax Dodgers Uncovered by Greek Revenue Inspectors

Greek tax inspectors recently proceeded with checks to over 700 accommodation facilities, including five-star hotels and rooms to let, throughout Greece.

Public Revenue Authority Launches More Probes into Greek Hotels

In efforts to curb tax evasion, Greece’s Independent Authority for Public Revenue (AADE) said it was reinforcing inspections at hotel businesses across the country.

Reforms vs Taxes: Doing Business in Greece Still an Uphill Battle

Less red tape and reforms aside, business owners in Greece still have to hand over more than half of their earnings to the state.

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.

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.

Greece’s Axed Special Island Tax Status Causes Stir

Greek tourism sector professionals are calling for the government to not abolish reduced VAT rates for a number of Greek islands as of January 1, 2018.

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.