Sunday Jan 25, 2015 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ministry plan for tax cuts from 2015

After four years of tax increases that have strained Greek households and businesses, the Finance Ministry is planning to introduce tax cuts from next year for salaried workers, pensioners and self-employed professionals but this will depend on authorities boosting tax collection rates, Kathimerini understands.

The tenuous plan for tax cuts has been drafted by the ministry’s General Secretariat for Public Revenue which aims to boost the collectibility of taxes – currently at around 75 percent – to almost 100 percent by next year. The ministry’s target is to collect 6.9 billion euros from taxpayers this year but in order to hit that target – due to the collectibility shortfall – authorities have imposed 9.17 billion. The 2.2 billion euros expected to elude tax collectors will be added to existing debts to the state that currently amount to around 66 billion euros.

It is chiefly to avoid adding to this pile of debts that the secretariat wants to boost the collectibility rate. Ministry officials will then be able to gradually reduce tax rates, according to the secretariat’s plan.

The new procedure, to be implemented from 2015, foresees the deduction of income tax from salaries or pensions on a monthly basis as opposed to the payment in full by taxpayers the year after their imposition as is currently the case.

ekathimerini.com , Saturday May 10, 2014 (18:10)  
Greece votes on whether to dump austerity, take on lenders
SYRIZA aims for landmark election win
Greeks vote for reform path or defiance
Greek Elections 2015 | LIVE
Draghi’s QE promise to Greece depends on debt-market math
Greece’s inclusion in the European Central Bank’s bond-buying plan this year doesn’t just depend on its new government sticking to a bailout program. It also relies on some debt-market arith...
Eurozone to discuss another extension
Monday’s Eurogroup will discuss the possibility of another extension to Greece’s bailout program in the aftermath of Sunday’s general election, even if it is not yet certain the next governm...
Inside Business
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
FOCUS
A SYRIZA government in Greece: what it wants and what might be possible
The left-wing SYRIZA party led by Alexis Tsipras looks likely to win the Greek general election on Sunday after campaigning on a pledge to renegotiate the country’s international bailout and...
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sunday’s election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece votes on whether to dump austerity, take on lenders
2. SYRIZA aims for landmark election win
3. Greeks vote for reform path or defiance
4. Greek Elections 2015 | LIVE
5. Olympiakos overcomes depleted OFI at Iraklio
6. Draghi’s QE promise to Greece depends on debt-market math
more news
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greeks vote for reform path or defiance
3. SYRIZA aims for landmark election win
4. Greece votes on whether to dump austerity, take on lenders
5. A SYRIZA government in Greece: what it wants and what might be possible
6. Draghi’s QE promise to Greece depends on debt-market math
Today
This Week
1. Greek Elections 2015 | LIVE
2. Piraeus Bank is third lender to request ELA
3. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
4. Greek Elections 2015 | LIVE
5. Fitch lowers Greece credit outlook to 'negative'
6. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.