Finance Ministry

Greece said on Tuesday it would offer emergency compensation totalling millions of euros to hundreds of households and businesses affected by a blaze that killed one woman and torched 10,000 hectares near Athens.

A breakdown of the data concerning the taxation of freelance professionals published by Kathimerini on Sunday shone the spotlight on another year of widespread tax evasion.

Israeli Prime Minister Benjamin Netanyahu and his finance minister have rescinded their intention to impose a full embargo on imports from Türkiye, including those destined for the Palestinian Authority, according to an Israeli newspaper.

Much better-than-expected tax revenue has seen the budget primary surplus significantly outpace the stated goals in the first seven months of the year.

The primary surplus - which excludes spending on servicing the country's debt - reached €5.683 billion at the end of July, much higher than the target of €1.655 billion.

 Türkiye's central government budget recorded a deficit of 96.8 billion liras ($2.9 billion) in July, according to official data released on Thursday.

This marks a significant reduction from the previous month's deficit of 275.3 billion liras ($8.5 billion), as per the Treasury and Finance Ministry's report.

The Turkish tax inspection authority has imposed a record fine of 6 billion Turkish Liras ($181.2 million) on a tobacco manufacturer over unreported revenue as part of a major audit into large taxpayers by the Treasury and Finance Ministry.

Beach concessions to businesses reached a record 1,650 this summer, far higher than the initial estimate of 1,200 by the Ministry of Finance.

In another 150 cases, there were no concessions, either because there was not enough interest or because the chosen concessionaire backed away from the deal.

Tax authorities are keeping a close eye on tax payments of large companies, the Treasury and Finance Ministry has said in a statement.

The parliament has ratified a legislative proposal encompassing tax regulations, including an increase in retirement pensions.

The amendment elevated the minimum pension from 10,000 Turkish Liras ($303) to 12,500 liras, with over 3.7 million retirees benefiting from the hike, which the opposition parties expressed criticism as insufficient.

The National Economy and Finance Ministry announced late on Thursday the extension by one to two weeks of the deadlne for the uploading of tax returns for last year's incomes.