Greece Bailout Deal Agreed
by Ulrika Lomas, Tax-News.com, Brussels
16 July 2015
Greek lawmakers have approved the terms of the fiscal consolidation deal agreed with the troika of international lenders.
According to information released by the European Commission, Greece will retain a three-tier VAT regime. The standard VAT rate will remain at 23 percent, with two lower rates of 13 percent and six percent to be levied on narrower bases. Concessionary VAT rates for most Greek islands will be phased out by the end of this year.
Greece will be required to make a number of improvements to tax administration, including through more stringent legislation on tax evasion, and the nation will hike the corporate tax rate to 28 percent.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Multilateral Moves Ongoing »
- EU Advances On Trade And Tax »
- Budgets Are Go... »
- How a virtual office can help your Hong Kong small business? »
- COVID Campaigns Continue »
- US Occupies Center Stage »
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »