GREECE: Gov’t boosting massive investment program and tax reductions from surplus revenues fighting tax evasion

The positive circumstances for the massive investment program funded by the Recovery Fund and NSRF, as well as from the significant rise in revenues due to the curtailment of tax evasion, create conditions to cover the investment gap in Greece and reduce tax burdens for taxpayers, the government’s financial team say.

Greece has a tremendous opportunity to establish its high growth rates in the coming years and restore unfairness in taxation policy that are grounded in the era of memorandums, they say.

Based on these new facts, the economic policy will focus on two overriding priorities:

a. Speedy absorption of Recovery Fund resources and funding of European programs through NSRF, along with the fast signing off of the projects, in order to contribute to the economy’s growth the soonest possible, and

b. Continuing the containment policy of tax evasion with measures such as digitizing transactions and with inspections by the Independent Authority for Public Revenue (AADE).

18 October 2024

SOUTH AFRICA: SARS Pushes Crypto Tax Compliance for South African Traders

Efforts by the South African Revenue Service (SARS) to guarantee that all crypto assets owned by South Africans are correctly recorded for tax reasons are intensifying. Given an estimated 5.8 million

Read More
26 June 2025

UAE: UAE Central Bank fines exchange house Dh200m for breaking anti-money laundering rules

An exchange house has been fined Dh200 million ($54.45 million) by the UAE Central Bank for breaching anti-money laundering regulations, as the fight against illegal financial activity continues. The

Read More
3 June 2024

EU: Indirect exporters to Europe urged to comply with EU carbon rules

EVEN COMPANIES that do not export to Europe will need to comply with the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM), the Philippine Exporters Confederation, Inc. (Philexport)

Read More
19 August 2024

GREEN FINANCE: Global South must raise voice for ambitious new climate finance goal

India on Saturday said the Global South should collectively raise its voice for an ambitious new climate finance goal at the UN climate change conference in Azerbaijan’s Baku. Addressing a session

Read More