Value-added tax

The value of transactions with plastic money reached 62 billion euros in 2023, recording an increase of 15% compared to 2022, a rate that is expected to be maintained this year with a marginal slowdown, according to estimates by Mastercard, assessing the positive macroeconomic environment and, in particular, the universal mandatory introduction of point of sale devices (POS) in 35 new professio

Protesting farmers are not a "front" the government has to face but their problems do need to be addressed, Prime Minister Kyriakos Mitsotakis has said.

Greeks displayed a significant improvement in tax compliance last year, partly thanks to the increase in electronic payments that are immediately recorded by the state, leading to tax revenues outperforming in 2023.

A typical supermarket "basket" in Greece may be cheaper compared to other European countries, but it is not cheap, as the difference with other countries is very small, while the difference between incomes in Greece and Europe is often chaotic. 

Bulgarian Agriculture Minister Kiril Vatev has recently addressed growing concerns regarding imported food products, shedding light on a new regulation aimed at controlling high-risk goods' movement within the country.

The Greek state budget recorded a primary surplus of 5.826 billion euros in the January-November period this year, up from a budget target for a surplus of 3.771 billion and a primary deficit of 1.091 billion euros recorded in the same period last year.

Greece's tax authority uncovered tax evasion totalling three million euros at an Athens night club.

Following a tip, the Independent Authority for Public Revenue (AADE) discovered that the business had not submitted a tax return that for the 2022 tax year, concealing revenues of 2.7 million euros, while also avoiding the payment of VAT totalling 255,000 euros.

Property owners and managers who rent out properties through short-term rental platforms such as Airbnb and Booking.com, freelancers who will activate their card terminals for the first time from January 2024, the 20,000 professionals with low incomes but high gross profits, and those who bought real estate with cash will be the priority for inspections by the Independent Authority for Public R

Digital customer lists are becoming mandatory from the new year for food service companies, camping sites, tourism businesses, private schools, clinics and treatment centers, diagnostic centers, doctors, lawyers etc.

The government will broaden the tax base and increase the share of direct taxes, Vice President Cevdet Yılmaz has said.

"There have been criticisms such as 'too high a tax burden,'" Yılmaz said on Dec. 12 during his speech in the parliamentary talks on the government's 2024 budget.