The year 2016 might have been deemed as one of heavy taxation for Greece, but it was still tame compared to what is about to happen in 2017. Most of the new taxation that was legislated in 2016 (as part of the actions that would ensure the third bailout of the Greek economy) is actually starting to be implemented this year, further augmented by a series of indirect tax hikes that are about to come to effect.
The tax ‘tsunami’ will affect everything from fuels to tobacco products (but also e-cigarettes), coffee, landline and mobile telephone connections and pay TV.
Fuel costs are also going to rise significantly. Greece may have the most expensive fuel in the eurozone, but the increased consumer taxes mean a 0.7-euro tax on every litre of gasoline; diesel taxes will jump from 0.33 cents per litre to 0.41, while LG for vehicles will see an increase of 0.10 cents per litre, from 0.33 to 0.43 cents.