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.
Tag: tax reform
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.