As the political debate on VAT reductions in the country is “ignited”, the OECD published its annual report on Greece on Thursday and recommends that the government limit or abolish low VAT rates, remove tax exemptions for pensioners, and increase taxes on “unhealthy” habits and products such as tobacco or anything containing sugar, salt, etc.

Greece must revise its budget for 2025 because there is more money available than anticipated. This is due to the increased tax revenues and the early repayment of previously taken loans ahead of schedule.