Author Topic: Tax increase ahead?  (Read 3371 times)

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Offline Maik

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Tax increase ahead?
« on: Friday, 08 May, 2015 @ 00:45:38 »
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The flat value-added tax rate being considered by the government will have to be set at 18 percent in order to have a neutral impact (neither positive nor negative) on its revenues.

There are currently three VAT rates (6.5, 13 and 23 percent), as well as a 30 percent discount on each for the Aegean islands.

If the measure passes and the flat rate of 18 percent is imposed from the second half of the year, households will face a significant added burden as the bulk of their expenses are food and electricity, both of which currently carry a 13 percent VAT rate.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_07/05/2015_549825