June 2020

Taxpayers will be given an extra four months to make amendments to the annual declarations of any property they own, known as the E9 form, while the penalty for doing so will be lowered. Kathimerini understands that the Finance Ministry decided to extend the deadline for making changes to the forms because numerous errors were […]

Ratings agency Standard and Poor’s on Tuesday upgraded its ratings for Alpha, Eurobank, National and Piraeus Bank to CCC+ from SD (selective default), with a stable outlook. The upgrade came after a further relaxation of capital controls in Greece. “We view the lifting of this ban as a significant relaxation, as it could allow for

The International Monetary Fund (IMF) came under fire from its own watchdog – the Independent Evaluation Office – in a report issued on Thursday about the Fund΄s handling of the bailout programme in Greece and other euro area countries. Among others, the IEO referred to a “patchy” performance in the handling the Eurozone bailouts and

Taxis net is available for the submission of tax declarations, so both accountants and taxpayers, if they want, can enter the system and file their tax declarations, which are estimated to be about 6 million euros (?) of tax-payers. Within the first half hour, 30 tax declarations had already been submitted and 300 were pending.

Tax Hikes in fuel, cigarettes, mobile phone & pay Tv- charges. The measures are locked and these will be borne by taxpayers through both direct taxation, but also by increasing indirect taxes on fuel, cigarettes, mobile phone etc. Relevant legislation is expected to be formulated this week and presented to Parliament before Easter as the

The banks are obliged to implement a detailed documentation of both the data and the transactions of their clients when they exchange banknotes of 500 euros, also crosschecking their previous transactions. The bank of Greece, through the recording of all the transactions of high-value banknotes, aims to a prudential supervision on money-laundering. Following the statements

Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros ($11.4 million) worth of its own cash into vaults. Why the squirreling? One possible reason is the creeping imposition of

A lot of Americans feel like they’re getting cheated at tax time. In a Pew Research Centerpoll last year, 61 percent said it bothered them “a lot” that “some wealthy people don’t pay their fair share.” Try defining “fair share.” But you can learn a lot about the U.S. tax burden by looking at five

Prime Minister Alexis Tsipras said investor trust in the Greek economy is returning as the country’s asset-sales fund announced the privatization of the port of Piraeus. “I believe 2016 will be the year that Greece will surprise the world economic community,” Tsipras said in an interview with Bloomberg Television in Davos Wednesday. “Even though the

As Greek Prime Minister Alexis Tsipras braces for another round of tough negotiations with creditors, savers are still reluctant to bet their money that this year’s talks will be less perilous for their country’s place in the euro area than 2015. Data released from Greece’s central bank this week showed that deposit outflows continued in