Ministry of Finance

Some other related fines in the pipeline, such as those for decommissioned vehicles found to be in circulation, are as steep as 10,000 euros

The green hydrogen project, known as Green HiPo, is slotted for development in the northern Greece region of Kozani and has been blocked by red tape for almost 2 years

The bill envisions that Greece's Independent Authority for Public Revenue (IAPR) will use digital means to ensure vehicle owners possess insurance and have passed inspection, and conduct controls every 2 months instead of every 5-10 years

The measure impacts 110,000 businesses and professionals ranging from taxis and vendors at farmers' markets

"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said

The bill sponsored by New Democracy passed with 158 votes and amid strong opposition from other political parties and environmental protection groups

The request comes as virtually all Greek businesses are now mandated to install POS devices and business owners, particularly those selling low-cost products, complain that commissions eat up their profit margins

The details of the program were pre-published by the Ministry of Environment and details of the application period are expected to be announced soon

The plan to restructure the road tax is expected in March and stems from the dual concern of reduced tax revenues from EV cars as well as the need to get old, polluting cars off Greece's roads

Waiting time has already been reduced by 40-45% just through basic housekeeping actions

Net tax revenues including rebates recorded an increase of €337 million for the twelve months, exceeding the set targets. This rise was mainly attributed to the revenues in November but was offset by an increase in payments by the Public Investment Program by €362 million compared to the targets.

The Greek Finance Minister shared a post on his TikTok account

"Our goal is to avoid continuous extensions and move towards a system that is stable so that extensions are not needed", the Minister Theocharis said

The Greek Ministry of Finance introduced an amendment to the tax bill, extending the reduced VAT rates until June 2024

The Elefsina shipyard will be rehabilitated and play a critical role in reducing reliance on Russian energy

Greece’s Ministry of Development has fined Proctor & Gamble Sole Shareholder Limited and Unilever Logistics AE 1 million euros each for profiteering. The fines were issued following an audit completed by Greece’s Interdepartmental Market Control Unit and are the maximum that can be imposed on a company for violating article 54 of Law 5044/29-07/2023 regarding […]