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VAT Savings – Incentive for Credit Card Use

The ingenuity of finance ministry advisors knows no bounds when it comes to collecting taxes by unconventional proxies. As an incentive for citizens to start paying most of their bills with plastic money, the government plans to offer a 3 percent discount on VAT charges for every bill paid through credit or debit card instead of cash. The normal VAT rates of 23 and 13 percent would thereby be reduced to 20 percent and 10 percent respectively. The purpose of the new measure will be to collect the VAT directly through the banking system, thus preventing tax-evading traders from illegally withholding indirect taxes in their quarterly VAT return declarations. more from business »

Coca-Cola and Heineken increased control of Pivara Skopje	The 10 Mistakes Small Businesses make Online	Hail a Taxi from your smartphone- anywhere!

Piraeus bank posts a 9 month loss	Didn't collect a receipt? 100 Euro fine!	Your Daily News

Athens Wing: Creative Solutions during Challenging Times	The € symbol came from the Greek...and more!	Women in Business: Leadership Redefined

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Athens Weather Forecast, Greece

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