
Greece Tops EU Charts in Indirect and Property Taxes
The report shows that indirect taxes in Greece amounted to 17.3% of GDP, placing the country fourth among the EU’s 27 member states.
The report shows that indirect taxes in Greece amounted to 17.3% of GDP, placing the country fourth among the EU’s 27 member states.
“We have consistently exceeded the 2% threshold even during the very difficult times of the economic crisis,” he said, adding that over the next 20 years, the country is planning to invest more than €25 billion in its military.
The announcement noted that an amount of 1,993 million euros which refers to the time differentiation of payments from ordinary budget and an amount of 499 million Euros which refers to the time differentiation of investment expenditure, do not affect the General Government outcome in fiscal terms.
The tourism sector is expected to create 1.1 million jobs by 2035 and contribute €58.2 billion to the Greek economy.
This marks a 106% recovery from pre-pandemic levels, outpacing the European average. In just one year, Greece jumped from 13th to 9th globally in tourist arrivals.
To overcome these institutional limitations, the government is considering the creation of 45 new corporate entities — one for each of Greece’s river basins or designated regions.