Taxation in the United Kingdom

The pool of businesses and households in Greece that is being called on to pay ever-increasing taxes keeps shrinking so that 19 percent of taxpayers are responsible for covering 90 percent of the overall income tax.

Thousands of properties are coming into the state's possession not because they're bogged down in debt, but simply because the people who inherit them are opting to give up the titles.

The new objective values (property rates used for tax purposes) to be announced in mid-June will only be the starter for property owners, as it is expected that the main course will be particularly hard to digest when it comes in 2019.

The exhaustion of Greeks' taxpaying capacity and the difficulties in meeting day-to-day expenses are leading to more and more citizens waiving inheritances, especially when they concern real estate assets.

The French-Hellenic Chamber of Commerce and Industry (CCIFHEL) is organizing a round-table discussion in Athens, titled "Recent Developments in Issues of Corporate Taxation and Procedures," to take place on Wednesday, March 28.

The keynote speaker will be the head of the Independent Authority for Public Revenue, Giorgos Pitsilis.

Spouses will now be able to submit separate income tax declarations if they so wish, following a verdict by the Council of State, and will then be able to receive separate tax clearance documents too.

Property transactions will become less costly as of April, as far as the tax load is concerned, in areas where "objective values" - property rates used for tax purposes - are reduced. The Finance Ministry is planning to make no changes to all tax rates related to sales, parental concessions, donations and inheritance.

Corporate taxation in Greece is burdensome and anti-competitive, the Hellenic Federation of Enterprises (SEV) says in a report published on Thursday, stressing that Greek taxes also fail to draw revenues above the average rate of other European countries that as a rule have lower corporate taxation.

Just days before it was set to expire at the end of 2017, the suspension period of the application of the provisions regarding the capital gains tax during the transfer of ownership rights of real estate was extended to end-2018.

The left-led government's blase response to criticism of its overtaxation of the middle class can be explained by the fact that it actually only affects a relatively small section of the population: From a total of about 8.8 million taxpayers, 80 percent, or 7.1 million, pay from zero to 100 euros per month in taxes.