Direct tax

Gov't signals comprehensive tax reform

Vice President Cevdet Yılmaz has said there are strong demands from the labor and employer sectors on taxation and that he supports these demands, pointing to radical changes.

"This is an issue we should work on," Yılmaz said after meeting with representatives of the business world as part of preparations for the Medium-Term Program (MTP) to be announced next month.

650-Euro low income earners under the ‘hammer’ with new tax system

The Greek government is ‘loading’ the ‘tab’ of the measures on low income earners, in an effort to strike a deal with its creditors before Orthodox Easter. Greeks with a monthly salary between 650 and 2,000 Euros will shoulder the taxation and social security reforms, with employees expected to see an immediate impact on their wages in May, if the bill is passed after Easter.