Tuesday April 21, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Self-employed to shoulder most of new tax burden

Self-employed professionals in Greece, who have traditionally been responsible for a large part of the country’s tax evasion problem, are going to have to pay the bulk of the tax increases the government will implement over the next two years as part of its bailout commitments.

According to the new tax code prepared by the government, and which is due to be submitted to Parliament on Tuesday, self-employed professionals will pay 1.3 billion euros more in tax over the next two years, when Greece has to raise an extra 3 billion euros from taxation to be in line with the troika’s demands.

The abolishing of tax breaks (only discounts for expenditure on healthcare, charitable donations and child support will remain in place) will lead to salaried workers and pensioners paying an extra 237 million euros in tax, while reductions in child benefits will bring in another 230 million euros.

Farmers will have to cough up an extra 282 million euros due to a reduction in their VAT rebate, while they will also be obliged to keep proper accounting books for the first time. This will lead to them being taxed at a rate of 13 percent from the first euro they earn.

Rises in indirect taxes and social security contributions worth some 700 million euros, which will affect all sectors of society, will also be implemented.

ekathimerini.com , Saturday December 8, 2012 (17:32)  
EU proposes doubling rescue effort, schedules crisis meeting on Thursday
Greek PM to meet German chancellor on sidelines of immigration meeting
US pushing for Greek solution in ‘interest of entire world’
Greek government´s popularity takes a hit as talks drag on
Euro-area debt levels surge to record, led by Greece
Government debt in the euro area surged to the highest levels since the introduction of the single currency, underscoring the challenges still confronting the 19-nation bloc as it wrestles w...
ECB studying curbs on Greek bank support
The European Central Bank is studying measures to rein in Emergency Liquidity Assistance to Greek banks, as resistance to further aiding the country’s stricken lenders grows in the Governing...
Inside Business
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
Inside Sports
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
EDITORIAL
Silence is not an option
There is no shortage of politicians, lobbyists and unionists from the center right who have backed the government, whether tacitly or explicitly. Naturally, when it was first elected, the go...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. EU proposes doubling rescue effort, schedules crisis meeting on Thursday
2. Greek PM to meet German chancellor on sidelines of immigration meeting
3. Euro-area debt levels surge to record, led by Greece
4. US pushing for Greek solution in ‘interest of entire world’
5. ECB studying curbs on Greek bank support
6. Greek markets slide on reports ECB planning to restrict bank funding
more news
Today
This Week
1. Tragedy in the Mediterranean
2. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
3. Silence is not an option
4. Greek government's popularity takes a hit as talks drag on
5. No ferries on Labor Day as seamen take industrial action
6. ECB studying curbs on Greek bank support
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. Putting off payments led to Q1 budget primary surplus
5. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.