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Having accepted that it will have to legislate new measures in order to conclude the bailout review, the government is hoping to also pass some tax breaks to counterbalance the impact. Kathimerini understands that the coalition would like to lower value-added tax on Greek islands and social security contributions for small- and medium-sized enterprises to […]

• Currency lifts Tokyo into top spot for first time since 2012 • London falls out of top 100 list after Brexit weakens pound Tokyo regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012 as the yen rose. London fell out of the top 100 priciest

The General Secretary of Public Revenue of Greece puts Greek taxpayers’ real estate abroad under scrutiny, in cooperation with the 84 countries registered in the automatic information exchange system. Greek Tax Authority is going to scrutinize incomes derived from properties’ rents, while an investigation is underway whether money used to acquire these properties has evaded

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