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Monday, 16 May 2016

Greece: Imminent Tax Increases


Wave of tax hikes adding up to 1.8 bln euros to hit as of July (eKathimerini)

"The new package, which is seen as particularly harmful on household budgets and will go into effect on July 1, will include an increase in VAT from 23 percent to 24 percent, affecting most commodities for expected additional revenues of 450 million euros...The bill further includes clauses on the adjustment of the Single Property Tax (ENFIA) rates to the new objective values of properties, as well as a new system for taxing vehicles."

Taxation on plots of land to rise by 23-25 percent

Greeks brace for price increases


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