Rebate

The state will disburse income and value-added tax rebates up to 10,000 euros without any probing, according to a set of amendments tabled in Parliament on Thursday.

The Independent Authority for Public Revenue is adopting faster procedures for the return of value-added tax within the legal period of 90 days, following a decision signed by the authority's chief, Giorgos Pitsilis.

The European Union faces a 20-billion-euro hole in its annual budget due to Britain's withdrawal and rising costs in issues such as defense, a commissioner said on June 28.

EU Budget Commissioner Guenther Oettinger, of Germany, called on the bloc to improve the efficiency of its spending in the wake of Brexit in March 2019.

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.

The data of the Independent Authority for Public Revenue suggest that the state's unofficial debt to the private sector is close to 2 billion euros.

Unless they've been keeping a record of their electronic transactions that count toward this year's tax discount, most Greeks won't know if they'll have to pay the taxman more or get a rebate until they are notified.

The state's debts to its suppliers are growing by the month, creating huge problems in the market and for businesses. In February alone the state ran up 243 million euros in fresh arrears, meaning that it now owes a total of 5.05 billion to the market and taxpayers.

The state's debts to its suppliers were augmented by 1.6 billion euros during 2016, according to data issued by the Finance Ministry on Monday.

State revenues came in at 6.43 percent above the budget target in January, according to provisional figures released on Friday by the Independent Authority for Public Revenue.

Reports late in November that American cinematographer and director Steven Bernstein was interested in establishing a film studio on the Cycladic island of Syros caused a stir on social media. However, few people seemed aware of the conditions set by the Cannes Golden Lion winner.