Hellenic Parliament ratifies VAT code

The Hellenic Parliament's Plenary voted in favor of the Ministry of National Economy and Finance's bill to ratify the "Value Added Tax Code" (VAT). New Democracy supported the bill, while SYRIZA and PASOK declared "present." The remaining opposition parties, including the Communist Party (KKE), Elliniki Lysi, Nea Aristera, NIKI, Plefsi Eleftherias, and Spartiates, voted against it.

Deputy Finance Minister Christos Dimas in response to the opposition's criticism of the government's tax policy, accusing it of favoring large business groups, clarified that the bill only codifies existing legislation without introducing new provisions for VAT reform. He also announced that a new tax bill would soon be submitted to Parliament, promising significant tax cuts to ease the burden on taxpayers, which he claimed would reveal which parties genuinely support these measures.

Dimas noted that the new bill would include further reductions in the Unified Property Tax (ENFIA), abolition of the business tax for freelancers and taxes on vacant properties, extension of the VAT suspension on property transfers and other insurance and tax reductions.
 

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