VAT hike and debt pay­ment plans helped rev­enues stay afloat in June

Kathimerini English - - Front Page - PROKOPIS HATZINIKOLAOU

The pos­i­tive course of tax rev­enues continued in June, ac­cord­ing to Fi­nance Min­istry pro­vi­sional fig­ures, as they ex­ceeded the bud­get tar­get by 101 mil­lion euros, or 2.58 per­cent.

Min­istry of­fi­cials at­tribute the re­sult of 4.01 bil­lion euros, com­pared to a tar­get of 3.91 bil­lion, to two main rea­sons. The first con­cerns the rev­enues flow­ing into state cof­fers from the in­spec­tion of major tax cases, as many debtors have rushed to en­ter 12- or 24-month pay­ment plans.

The sec­ond is re­lated to the rev­enues from in­di­rect tax­a­tion col­lected from the coun­try’s main ci­ties, where tax eva­sion is not as big as in other parts of Greece. Also bear in mind that the main value-added tax rate went up from 23 to 24 per­cent on June 1.

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