Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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)  
Nicosia disappointed at Erdogan´s two-state solution comments
Giorgos Stylios named new deputy education minister
Greek singer-songwriter Antonis Vardis dies aged 66
Red tape cut in application process for Greek ID cards
Deadline looms for struggling Cyprus Airways
Potential buyers of Cyprus Airways have until Wednesday to submit nonbinding offers for the loss-making national carrier, with Ryanair and Aegean Airlines in the running. Ireland’s budget ca...
Bank of Cyprus expects to relist on Nicosia, Athens exchanges
Bank of Cyprus, the Cypriot lender which recapitalized last year using depositors’ savings, said late on Monday it expected its shares to relist on the Cypriot and Athens stock exchanges by ...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the people’s favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Deadline looms for struggling Cyprus Airways
2. Bank of Cyprus expects to relist on Nicosia, Athens exchanges
3. Nicosia disappointed at Erdogan´s two-state solution comments
4. Giorgos Stylios named new deputy education minister
5. Greek singer-songwriter Antonis Vardis dies aged 66
6. Red tape cut in application process for Greek ID cards
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Moderating expectations
6. Trial over 2013 murder of pawn merchant starts in Athens
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Hardouvelis, ECB executive discuss bank program, stress tests
6. Greek quest for debt relief faces hurdles in Paris
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.