A European Commission survey revealed that the tax burden of Greek citizens rose from 64 billion Euros in 2015 to 65.7 billion Euros in 2016.

While Greece’s tax burden increased to 37.6% of the GDP this year — up from 36.4% in 2015 and 35.5% in 2014 — things are expected to take a slight turn for the better in 2017, with a drop to 37.5%, and a further decline to 36.8% in 2018, when the GDP is expected to be at 3.6% and 4.3% respectively.

Nonetheless, a series of tax hikes are expected in January 2017, which may affect these predictions, according to the EC.  These tax hikes will affect the prices of coffee, tobacco, e-cigarettes, and telecommunications, and there will also be a VAT hike on the Greek islands.

Source: To Vima