Value-added tax

“End of an era” for the stamp duty on commercial leases, which was replaced from 1 December 2024 by the Digital Transaction Fee (DTC).

NGOs are viewed with suspicion by a large segment of the public and are subject to what some of their leaders call "punitive" taxation by the state, according to a presentation by the Bodossaki Foundation.

The Minister of State Akis Skertsos referred to the Thessaloniki Metro. After recalling his origins in the city, he said he is “very happy that the Metro is finally being delivered. It is a day of joy today and tomorrow. It is a project that has caused a lot of suffering for the people of Thessaloniki.

Change is coming on December 1 with the abolition of the Stamp Duty on more than 600 transactions, nearly two centuries after its imposition, and its replacement by the Digital Transaction Fee.

Reducing the tax burden for those investing in real estate, especially in preserved and closed properties, is offered by provisions in the tax bill tabled in the House.

The attention of consumers in view of Black Friday is drawn by the Union of Greek Consumers’ Workers’ Union of the Greek Union of Industrialists and Entrepreneurs, urging them to be particularly careful and not to be lured by seemingly impressive offers.

With money from tax evasion, the government will fund new benefits in 2025 and 2026. The new state budget reflects that through POS and myDATA, 1.8 billion euros were saved in 2024 from tax evasion (1 billion from VAT and 800 million euros from corporate taxes), and this will be repeated in 2025, allowing 1.1 billion euros in benefits to be given to households and businesses.

Corporate and personal income taxes will not increase next year, Deputy Prime Minister and Finance Minister Lyudmila Petkova announced. She also confirmed that the 2025 budget deficit will be kept within 3% of GDP, with a package of measures targeting both revenues and expenditures to achieve this goal.

Greece lowers the percentage of taxes in terms of GDP and converges with the eurozone average, while increasing its dependence on indirect taxes and especially value-added tax.

Bulgaria does not view mandatory tax measures in corporate taxation as a path to boosting competitiveness, stated Deputy Prime Minister and Finance Minister Ludmila Petkova before the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels.