A 30 per cent reduction in VAT rates will come into effect from January 1,…
Tag: tax reform
Greece is entering 2026 as a “year of opportunities,” with economic growth, investment and citizens…
Greek employees are set to benefit from a triple increase in earnings in 2026, driven…
The Greek Cabinet will meet today Wednesday, October 29, at the Maximos Mansion under the…
Greece has climbed three places in the International Tax Competitiveness Index, ranking 23rd among 38 OECD countries, according to the Athens-based Center for Liberal Studies (KEFIM) and the Tax Foundation. The report highlights improvements in Greece’s overall tax structure but notes ongoing challenges such as high VAT rates and limited loss offsetting for businesses.
Greece is rolling out a groundbreaking tax administration reform with TAXIS, an AI-driven digital platform designed to simplify compliance, speed up services, and fight tax evasion.
Prime Minister Kyriakos Mitsotakis announced a sweeping package of tax relief measures at the 89th Thessaloniki International Fair, including income tax cuts, family allowances, and incentives for young workers, while pledging to maintain fiscal stability and strengthen national defense.
Greece is launching tax incentives for tenants and reforming property income taxation to combat undeclared rent payments. The initiative, reported by Dnews.gr, targets “under-the-table” deals by offering tenant benefits and adjusting property owner taxes.
Trump Engages with Leading CEOs, Including Greek-American Jamie Dimon, at Business Roundtable Summit
President Trump joined over 200 top CEOs at the Business Roundtable meeting to discuss economic policy, tax reform, and U.S. business prospects. Notable attendees included Greek-American JPMorgan Chase CEO Jamie Dimon, Apple’s Tim Cook, Citibank’s Jane Fraser, GM’s Mary Barra, and Walmart’s Doug McMillon, highlighting a pivotal moment for corporate-government collaboration.
Athens, Greece – Taxi services across Attica are halted today as the Attica Taxi Drivers Syndicate (SATA) stages a 24-hour strike from 6:00 AM Wednesday to 6:00 AM Thursday. Drivers are protesting unfair competition from ride-hailing services like Uber and Bolt, demanding better enforcement of fare regulations, tax reforms, and a delay in the mandatory shift to electric taxis. SATA has called for nationwide support, urging unions across Greece to join their fight. The strike is expected to cause major disruptions, particularly at airports and transit hubs.
Coffee prices in Greece are skyrocketing as global costs reach near 50-year highs, with cappuccino freddo now costing up to €5.50. Supermarkets and cafes report price hikes of 15% to 30%, driven by soaring Arabica prices and compounded by Greece’s Special Consumption Tax on coffee. Industry leaders are urging tax reform to ease the burden on businesses and consumers alike, as coffee increasingly shifts from a staple of Greek culture to a luxury item.
The European Union has approved new rules requiring platforms like Uber and Airbnb to collect and remit VAT on services provided through their platforms, leveling the playing field with traditional businesses. The regulation, effective from 2030, aims to boost VAT revenues by €6.6 billion annually and reduce tax inequalities. Despite initial resistance and a five-year delay, the reforms promise fairer competition and streamlined compliance through a new “one-stop shop” system for businesses across the EU.
The Greek Finance Ministry has proposed a new legislative measure to parliament, aiming to replace the Stamp Duty on 600 different transactions with a Digital Transaction Fee. This move is part of a larger effort to modernize Greece’s tax system, simplify processes, and bolster the fight against tax evasion.
The Greek government is set to overhaul the presumptive taxation system for the self-employed, aiming to finalize changes by the end of the year. The revisions, supported by Prime Minister Kyriakos Mitsotakis and the finance ministry, will address potential inequities while maintaining the core framework, with updates expected to impact the 2025 tax filings.
