Author name: mike

The Finance Ministry has finally issued a list detailing the types of electronic spending – credit and debit cards, e-banking and money forwarding – that will count toward the income tax discount granted to most taxpayers as of this year. Just a handful of expenses are excluded, meaning that the threshold will be attainable for […]

Luxury holiday homes in Greece are now the focus of foreign investors, with popular islands such as Myconos and Santorini grabbing most of the attention thanks to the high yields they offer those interested in leasing them out. According to analyst Konstantinos Sideris of Algean Property – a company active in the holiday home market

The Independent Authority for Public Revenue is seeking out the real owners behind shell companies that owe the Greek state huge amounts of money, and a recent verdict by the State Legal Council should facilitate the authorities’ search to that end. The decision says that in cases where bogus enterprises – set up only to

The increased taxes on corporations and households, as well as higher consumption taxes, brought the Greek economy to its knees last year, according to the definitive data for the 2016 budget that the Finance Ministry released on Tuesday. The surplus in tax revenues compared to the target set for last year, which came to 1.7

Greeks’ taxpaying capacity has been exhausted, leading to 13.9 billion euros in unpaid taxes last year alone, according to data issued on Monday by the Independent Authority for Public Revenue. This has taken the number of taxpayers with expired debts to the state to 4.14 million, almost half of the total. All together, the arrears

The reduction in the income tax discount from next year should now be seen as a certainty, and it is destined to hurt most taxpayers, above all those in the lower income brackets. Changes in tax brackets and rates is also quite likely, as the creditors are insisting on changes there as well. The extent

The mergers and acquisitions (M&A) chart of Greece in 2016 that PricewaterhouseCoopers presented on Wednesday showed that foreigners have been acquiring assets in Greece while Greeks have generally been selling. In total last year assets with a combined value of 4.4 billion euros changed hands in 38 transactions. The value level is about two-and-a-half times

The multiple new taxes imposed in 2016 apparently lessened the tax inspection mechanisms’ appetite, as checks and collections were reduced compared to the targets in the bailout agreement. According to figures published by the Independent Authority for Public Revenue on Wednesday, both the Inspection Center for Large Enterprises and the Inspection Center for Wealthy Taxpayers

Personal safety and security is one of the most important aspects to consider when moving abroad for work. In a survey by InterNations, the world’s largest network for people who live and work abroad, the company asked 14,300 expats, representing 174 nationalities and living in 191 countries or territories, to rate 43 different aspects of