26/08/14

[Maik]

http://civilprotection.gr

[Maik]

Finance Minister Gikas Hardouvelis is examining the prospect of introducing a uniform value-added tax rate, while the reintroduction of certain tax breaks is also being considered.

However, the country’s creditor representatives have already demanded that any revisions, especially the revival of any tax breaks, be countered by measures of equal monetary worth to keep fiscal matters balanced.

The establishment of a uniform VAT rate is believed to be the main objective. Sources believe this would range between 19 and 21 percent, meaning that lower-end VAT rates would increase while higher-end VAT rates would fall.

The 6.5 percent VAT rate currently imposed on pharmaceuticals, hotel accommodation, newspapers, books and theater tickets would be jacked up as a result. Also headed for an increase would be the current 13 percent VAT rate on other necessities, such as food, non-alcoholic beverages, electricity and natural gas.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_25/08/2014_542385