ministry of economy and finance

Ahead of the new tax bill, the Ministry of Economy and Finance answers 13 questions to make it more clear what changes are coming in this section. The 12 tax cuts that are being enacted, the incentives given to businesses and all the reforms to the tax law.

The 13 questions and answers on the new tax bill

The practice of declaring losses or meager income, according to an analysis of their tax return data continues. Those who appear by far the most penurious to the IRS are bar owners, followed by restaurateurs and those who own car repair shops.

Faced with a hefty fine as long as professionals and self-employed people do not join the payment system. The obligors’ mobile phone must be connected to a business account, the one that in banking terminology is called a “current account.

Tax revenue in the first seven months of the year was significantly higher than the budgetary target, the Ministry of Economy and Finance has said.

In particular, tax revenue amounted to 36.993 billion euros, which is €2.317 billion or 6.7 percent higher than the target in the 2024 budget.

Most of the revenue derives from income tax.

Last year’s poor showing with the fight over the towel is being attempted this year by the Ministry of Economy and Finance to embellish the chaos on the beaches and bring some order to the mess.

With a bill put to public consultation, the Ministry of Economy and Finance has moved forward with the radical restructuring of the Superfund or Growthfund. 

Prime Minister Kyriakos Mitsotakis has reshuffled his conservative government, overseeing the departure of four ministers and seven deputy ministers. Below is the full list of his new set of ministers and their deputies.

Prime Minister: Kyriakos Mitsotakis

Ministry of Economy and Finance

Minister: Kostis Hatzidakis

A well known group of supposedly Greek-based hackers, calling themselves "Powerful Greek Army", has claimed it took down the pages of several banks in North Macedonia on Tuesday evening for a couple of hours.

North Macedonia's Education Ministry on Sunday said it had been a target of a hacking attack over the past few days, but said video footage published on the Twitter account of a hacker group called "Powerful Greek Army", as proof of the hacking, was fake.

This is when attackers secretly alter communications between two sides and steal key information, such as passwords, messages or credit card numbers.