Greeks Should 'Put Hands Deeply in Their Pockets' to Pay $27.6 Bln Taxes

© REUTERS / Yannis BehrakisA pedestrian walks through empty streets by a mural in Athens, Greece
A pedestrian walks through empty streets by a mural in Athens, Greece - Sputnik International
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On August 14, following months of negotiations, the Eurogroup approved a third bailout package for debt-ridden Greece, worth 86 billion euro ($96 billion at current exchange rate), requiring additional reforms and austerity measures in return.

MOSCOW (Sputnik) — Greek individuals and companies will be obliged to pay 24.7 billion euros ($27.6 billion) in taxes before February 2016, local media reported Sunday.

"Since Monday [August 31], and up to February 2016, the taxes totaling 24.7 billion euros, of which 12.3 billion is VAT and excise tax, will be paid," the Greek Kathimerini newspaper said.

The taxpayers will have to "put a hand deeply in their pocket" due to poor management at the Ministry of Finance which has led to increased taxes, creating significant problems for households and business, the newspaper said.

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The tax rate, increased to 13 percent from the previous ten percent, forces Greeks to pay an additional 47 million euros in tax declarations, the newspaper claimed.

According to Kathimerini, if taxpayers started paying in February, the allocation would be correct, but the prospect of elections "did not allow" this.

Greeks must also pay a so-called solidarity tax as well as taxes on salaries and pensions amounting to about 2.3 billion euros by the end of the year. In addition, in December they will have to pay 1.1 billion euros of automobile taxes for 2016.

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