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Athens News Agency: News in English, 10-05-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] VAT revenue up 7.8% in Apr.

  • [01] VAT revenue up 7.8% in Apr.

    (ANA-MPA) -- The government on Friday reported a 7.8-pct increase in VAT revenues in April to 1.205 billion euros, from 1.118 billion euros in the corresponding month last year.

    A Finance ministry announcement attributed this positive development to the performance of VAT declarations by small- and medium-sized enterprises and to increased demand for purchase receipts by consumers from January 1. The ministry said that a rise in VAT rates from 9 to 10 pct and from 19 to 21 pct was introduced March 15 and did not significantly affect VAT results. The ministry said the figures showed that state budget execution was progressing smoothly offering better results than originally expected. (ANA-MPA)

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