Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Samaras announces VAT debt relief for enterprises

By Prokopis Hatzinikolaou

Prime Minister Antonis Samaras visited on Monday the General State Accounting Office and announced measures to provide some debt relief for thousands of small and medium-sized enterprises that will boost their cash flow.

Enterprises with debts to the state will have them offset with any debts the state may have toward them, while fines and additions to value-added tax imposed in the past on corporations for failure to pay VAT will be waived if they are owed VAT by state corporations.

The new system for the payment of VAT to the state, to be fully implemented from January 2015, will provide for the payment of VAT not when an invoice is issued but when it is eventually paid, as long as the company issuing the invoice is registered in the new electronic system, which is to be created this fall.

The system will originally concern firms with an annual turnover of up to 500,000 euros, expanding soon to 2 million euros following consultation with the European Commission.

ekathimerini.com , Monday April 7, 2014 (22:31)  
Lower provisions and energy costs boost Greeces PPC Q3 profit
Eurozone loans to private sector still contracting: ECB
Eurozone economic sentiment rises slightly in November
Bank of Cyprus posts 76 million euro nine-month profit
EUs Juncker survives no-confidence vote over tax deals
The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with ...
Police arrest will forgery gang that netted property worth 1.3 mln euros
The Greek Police on Thursday said that it has arrested seven suspects - among them a former MP for New Democracy - believed to be members of a gang that has been forging wills in order to fa...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. EUs Juncker survives no-confidence vote over tax deals
2. Police arrest will forgery gang that netted property worth 1.3 mln euros
3. Lower provisions and energy costs boost Greeces PPC Q3 profit
4. Eurozone loans to private sector still contracting: ECB
5. Eurozone economic sentiment rises slightly in November
6. Bank of Cyprus posts 76 million euro nine-month profit
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Greece scrambles to find food, shelter for 700 migrants on crippled ship
4. Chief suspect in Piraeus bar shooting arrested
5. Troika talks to continue after failure to wrap up negotiations in Paris
6. Scraping together the 180 MPs will not be enough
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.