BUSINESS

Greece's July tax revenues 337 mln below target

TAGS: Taxation, Economy

The Finance Ministry in Athens confirmed on Friday that tax revenues for July were 337 million euros below target, but did not explain why.

Furthermore, according to the ministry’s report, taxpayers paid 36.5 percent more in taxes in the period from January to July, compared to last year.

Value-added tax revenue in July was down 3.9 percent compared to July 2015, despite the fact that rates were at 24 percent, up from 23 percent in the same period last year.

However, VAT revenue for the period stretching from January to July was 1.1 percent higher compared to last year.

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