Greek parliament approves new tax hikes, austerity measures

The Greek parliament approved a new package of tax hikes and austerity measures that are demanded by the country's international creditors.

The 153-members of Prime Minister Alexis Tsipras' coalition supported the measure late Sunday, while 145 members of opposition parties voted against the measure required for the cash-strapped country to receive additional bailout loans from its creditors.

The the measure is designed to generate 1.8 billion euros (2 billion dollars) through a tax hike affecting restaurants, hotels, petrol and public transportation tickets.

Tax on food and drinks, including those sold in restaurants and bars, would rise from 23 per cent to 24 per cent under the new plan. The tax on tickets for local and long-distance travel is to rise by the same amount.

Other goods and services to face VAT rises would be cigarettes, fixed line telephone services and pay TV services. Stays in Greek hotels starting in 2018 would see added fees.

Last update: Mon, 23/05/2016 - 00:29

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