Income tax
More taxpayers opt for plastic installments
Thousands of Greeks chose to beat the queues at banks on Monday and pay their income tax installment using credit cards, securing them the right to pay their dues in 12 tranches instead of the three the state normally allows.
Around 170 million euros was paid through cards, up 10 percent on a year earlier.
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A summer tax tornado as 29.2 billion euros due by year's end
Greece's 8 million individual taxpayers and companies will have to hand over some 14.8 billion euros in taxes between now and the end of the year, on the basis of their revenues, property and other assets. When indirect taxes are added, the total comes to some 29.2 billion euros, with the bulk of it due in the summer months.
Greece still unattractive for property sector investors
Greece remains among the least attractive destinations for foreign property buyers looking to make an investment. A list drafted by the Global Property Guide - an international provider of information for property investors - has placed this country 32nd among 36 states, as its prospects for an investor are seen as quite unattractive.
Turkey signs pact to prevent tax avoidance, evasion
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) was signed by ministers and high-level officials from 76 countries, including Turkey, on June 8 in Paris.
Tax hikes have failed to pay off
The recent hikes in indirect taxes have not fetched the desired results, leading instead to a 247-million-euro shortfall in state revenues, according to figures issued on Wednesday by the State General Accounting Office.
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Average tax due so far is 620 euros/taxpayer
Just 5 percent of income tax declarations had been submitted up until last Friday, according to the data of the Independent Authority for Public Revenue. A total of 368,537 statements had been filled in, the majority of which require neither a rebate nor the payment of further taxes.
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Budget relies on taxes from 0.4 pct of firms
Just 914 enterprises, or 0.4 percent of the total of at least 220,000 companies in Greece, pay 40 percent of total corporate income tax in the country, official data show.
Also, the 3,790 biggest employers in the country employ over 780,000 people - more than 44 percent of the total number of private employees in Greece.
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The only certainty is tax hikes
The additional income tax burden amounting to 1.8 billion euros or 1 percent of gross domestic product is the only tax measure certain to be enforced in the coming years. The promises of easing the burden on the middle class will only be activated if the government manages to exceed the target for a primary budget surplus of 3.5 percent of GDP.
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Income tax load mostly burdens an unlucky tenth of taxpayers
About a tenth of Greek taxpayers forked out 60 percent of the total income tax paid last year, according to data released on Thursday by the Independent Authority for Public Revenue.
Greeks declared 7 billion more in taxes in 2016
Greek households paid an additional 6.1 billion euros in taxes for the current fiscal year compared 2015, according to the data posted on the website of the Independent Public Revenues Authorities. The data showed that the aggregate tax income declared by Greeks in 2016 amounted to 82.1 billion euros, in comparison to 75.1 billion in 2015 after the calculation of th set of presumptions.
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