TAXATION

staikouras-tax-breaks-a-priority-for-the-govt
ECONOMY

“Reducing the tax burden on households and businesses has been a central priority of the government since the beginning of its governance,” Finance Minister Christos Staikouras said in a statement on Sunday.


cypriot-tax-revenues-rose-in-2020
FINANCE

Cyprus income tax revenue for the tax year 2020 increased by 25.6 million euros, compared to 2019, with the total amount exceeding €642 million.

finance-ministry-to-grant-deadline-extensions
ECONOMY

The Finance Ministry is planning to grant two deadline extensions to assist enterprises hurt by the health and energy crises and which have run up debts during the pandemic, and to help those who submitted their property transfer tax declarations by end-December which have not yet been processed by the tax authorities.

no-fine-for-greek-over-60s-vaccinated-abroad
VACCINATION FINES

The government is expected on Monday to provide a solution for the 100-euro fine imposed on Greek taxpayers living in the United States who are over 60 years old and whose Covid vaccination certificate is not recognized by the Greek system.


tap-certificate-weighing-down-property-transactions
ECONOMY

Frustration continues to grow among thousands of property owners over the requirement that they must be issued a so-called TAP certificate, which proves they do not owe property tax to the local municipality before they can complete a real estate transaction. 

tax-payment-via-foreign-cards
FINANCE

Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad.

[SHUTTERSTOCK]
FINANCE

Value-added tax rebates will soon become automatic, without the required intervention of tax officials.


sifting-through-taxpayer-data
TAXATION

The tax administration is asking commercial lenders to supply it with additional data on bank accounts, taxpayers’ loans, interest paid and dividends distributed by the end of February.

which-areas-face-property-taxation-hikes
OBJECTIVE VALUES

Over 7,000 property zone rates have gone up as of January 1 with the application of the new taxable value of properties, known as “objective values.” That pushes up dozens of taxes and charges related to real estate, as well as raising the cost of property transactions.

yes-to-furlough-no-to-vat-cut
FINANCE

The Finance Ministry has ruled out any reductions to value-added tax rates on commodities, but it is expanding the measure of furloughs in accordance with the extension of restrictions against the pandemic that the government confirmed on Wednesday.



facing-the-enfia-conundrum
PROPERTY TAXATION

The overhaul of the Single Property Tax (ENFIA) is causing major headaches at the Finance Ministry, as the transformation of the supplementary property tax into a levy on the sum of one property has created problems for the competent committee that has to find a solution without adding to the burden of most property owners.

fines-loom-for-mydata-dodgers
FINANCE

The government is putting the finishing touches on the new regulations leading to the full and compulsory implementation of online bookkeeping.

cross-checking-set-to-boost-state-coffers
TAXATION

The tax administration is utilizing the data collected from the newly introduced system of online bookkeeping to help it expand checks and crack down on tax evasion, especially of value-added tax.


Independent Authority for Public Revenue head Giorgos Pitsilis
TAXATION

Independent Authority for Public Revenue chief Giorgos Pitsilis issued a decision on Monday calling on corporations and state entities to submit online by February 28 all their documents on the payments made to taxpayers in the course of 2021, thereby confirming that the government will introduce a new system for tax payments, spread out across the year.

new-tax-landscape-in-january
TAXATION

The implementation of a series of tax breaks and measures in 2022 is set to offer significant support to domestic consumption and the labor market from the very start of the new year.