OECD: Greece the only country to raise VAT in 2016
- Written by E.Tsiliopoulos
Greece is the only member of the nations in the Organisation for Economic Cooperation and Development (OECD) that hiked taxes in 2016, according to the body’s Tax Policy Reform report.
The data revealed that Greece was the only nation to raise the basic VAT coefficient from 23% to 24%, while also burdening single employees by an average of 1%. The report stressed that all European countries included in the report had budgeted lower tax revenues with the exception of Greece. Greece also came first in terms of social security contributions due to the Katrougalos law.
The report recorded changes in personal income tax, social security contributions, corporate income tax, Value Added Tax, excise duties, environmental taxes and property taxes per country.
Related items
-
Two doctors arrested in death of Greek singer Star Giorgos Mazonakis
-
Israeli ambassador wishes youngsters for first day of school
-
The former royals of Greece at King Harald's funeral - Their relationship with the Norwegian royal family
-
Amal Clooney at the Presidential Palace for a meeting with President Tasoulas
-
Popular singer Giorgos Mazonakis' sudden death causes grief and raises questions
Latest from E.Tsiliopoulos
- Two doctors arrested in death of Greek singer Star Giorgos Mazonakis
- Israeli ambassador wishes youngsters for first day of school
- The former royals of Greece at King Harald's funeral - Their relationship with the Norwegian royal family
- Amal Clooney at the Presidential Palace for a meeting with President Tasoulas
- Popular singer Giorgos Mazonakis' sudden death causes grief and raises questions