Finance ministry

It should be noted that there is a daily 500 euros transaction limit via IRIS per customer with this limit not applying to the total payments a professional can receive in a 24-hour period.

Inter-bank direct payment system, via mostly smartphones, now obligatory for certain castes of occupations; 34 million transactions so far in 2024

Kostis Hatzidakis emphasized the government's dual role in the new era for the banking system: ensuring conditions for a resilient banking system and fostering competition among banks, akin to practices in advanced European nations.

In a bid to sustain the construction sector, the Value Added Tax (VAT) on newly constructed properties will maintain its current status quo for an additional year, persisting until the conclusion of 2025

Hatzidakis notes a significant increase in recorded transactions with professionals having gone up by 300% compared to 2022.

"We want to particularly support new families, families with children. We are particularly concerned about the decrease in the Greek population."

Tax revenues in Greece over the first 11 months of the year are significantly above target, according to the provisional data on the execution of the 2023 state budget (on modified cash basis), the finance ministry announced on Monday. Specifically, tax revenues totaled 56.197 billion euros, up by 605 million euros – or 1.1% – […]